ARTICLE SYNOPSIS...The NASDAQ 100 index is outperforming all of the other major broad market indexes by a wide margin. A closer look at one of this index's highest relative strength stocks reveals a series of bullish technical developments.
ARTICLE SYNOPSIS...All rallies need a consolidation phase to build momentum for the next upmove. At least this is my conclusion based on the recent action on the Nasdaq 100. The Nasdaq 100 is likely to trade in a range until it decides on the direction it wants to take.