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Daily Minute with Mike Paulenoff for March 1
By Mike Paulenoff | Published  03/1/2006 | Stocks | Unrated
Daily Minute with Mike Paulenoff for March 1
Continuing our theme of Nasdaq outperformance, such is the case this morning, with the ratio expanding in favor of the NDX (1.312 vs. the SPX, a new recovery high), but once again, it is directional polarity that is the intriguing factor. The indices in general, and the NDX in particular have recovered much of yesterday's Google Debacle, and in so doing, the technology sector is outperforming the large cap S&P.  Be that as it may, if technology continues to outperform, then the SMH should be in the forefront of such a move (I would suspect).  With that in mind, let's take a look.



Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary, or try his QQQ Trading Diary.