Saturday, May 9, 2015

Nasdaq Summation Index (8 May 15): Bearish

The Nasdaq Summation Index ($NASI) is a market breath indicator. When it turns higher, a greater number of stocks are advancing. When it turns lower, a greater number of stocks are declining.
 
Pullback, Correction and Bear Market
Pullback: -5% off 52W High   Correction: -10% off 52W High   Bear Market: -20% off 52W High

Benchmark
Symbol
52-Week High
Condition
Dow Jones 30
DIA
-0.22%
Bull Market
S&P 500
SPY
-0.40%
Bull Market
Nasdaq 100
QQQ
-2.22%
Bull Market
Russell 2000
IWM
-3.53%
Bull Market

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