The joke around our virtual office this morning was that the nasdaq is not just strong as an index, the stock itself really stands out!
The exchanges and “marketplaces” are really shining. The relative strength compared to many other sectors and industry groups is off the charts (see what I did there?)
Take a look at names like CME Group, Market Access and Tradeweb. These names keep popping up on our relative strength scans, especially compared to other types of “financials”. But let’s be serious, these are tech stocks.
This is the chart of the Nasdaq that has our attention: [Read more…]