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Commentary Topic from greenfaucet

NASDAQ Hits New High

The NASDAQ index moved to a new high last week. The move pushed the index up 3.6% for the week. The question mark is will it hold the move and regain the previous uptrend? The volume has been above average on the move and the leadership has been broad based. The small cap stocks have been the highlight more so than the large cap. In fact the NASDAQ 100 index has not reached a new high. That is something to watch short term.