Weekly market commentary: Breakout Nasdaq

It was another good week for bulls. Nasdaq was able eventually to break above resistance-2,818 virtualizes new support.
NASDAQ

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Nasdaq 100 continued to add breakout. Went well above and beyond the closest support and some 300 points a measured move. Can this be 2,700?
($ NDX)

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However, the daily rates are in overbought levels of Nasdaq. There are a lot of new stocks available for the support of the Acropolis.
($ BPCOMPQ)

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The most obvious, the percentage of Nasdaq stocks above 50-day MA bearish divergence. The peak in the low 60s from 2009 the percentage of Nasdaq stocks above 50-day MA is downwards at 63%. When it drops below 50% rapid reductions in market often as a result.
($ NAA50R)

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Small caps added a second week. Pulling off the flag bull continues to gain daily mobility.
($ RUT)

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The S & P were sufficiently good to add a percentage for the week.
($ SPX)

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The same bearish divergence play in market Nasdaq S & P. Summation index NYSE is just shy of resistance. Although a trigger ' buy ' was created with the support of MACD.
($ NYSI)

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And 89% can't get more daily S & P daily rates.
($ BPSPX)

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Acropolis is still very much in the game. While it is difficult to expect every week to be a winner who is going to be a tough Rally to break. Bearish divergences in supporting market range suggests a correction is likely to occur rather sooner rather than later. But this correction is unlikely to bring the wider trend higher. Cyclical bull market continues ...

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