Nasdaq playing catch up ......

Nasdaq is lagging all other index which has moved UP ahead.

Here is a comparative RSI read :

Russell 2000 81.82

S&P 500        68.77

DOW             67.83

SOX              65.92

Nasdaq         62.42

As you can see that Nasdaq is lagging all other index / sector.

This is the first time that every major index / sector is stronger than Nasdaq.

Few stocks are contributing to this weakness, most prominent is AMZN and GOOG which has performed poorly in this all time high record run.

Unless AMZN , GOOG catch fire, Nasdaq  may remain weak........

FB, NFLX have fared relatively better......

RUT is the undisputed leader in this run, from weakest to best performing sector in a matter of  7 weeks...incredible run in shortest possible time......

I have a feeling that RUT will continue to outperform going forward.

SO..it is important that we participate in RUT to get ahead in next 90 days.......

Safest way to play this trend is to buy the index itself or play leveraged to juice up the return.

October has started and is ready to march forward with impressive earnings, many stocks have a habit of beating earnings.

It is important to play this earning season with stocks who are doing well and ready to make new all time highs.

Good luck with your own take of this earning season and TAPE.

BLOG does NOT give buy or sell.

Saleem