NASDAQ Composite

By: Marty Chenard | Mon, Apr 27, 2015
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When QE money matters more than corporate earnings, conditions are out of balance.

As you well know, not all the indexes have made new highs.

Take the NASDAQ Composite Index for instance. If you look at the monthly chart (see below), you will see that it had made a high peak level of 5132.52 in March 2000.

In 2007 (before the severe market drop), it had only made a partial retracement.

I bring up this chart, because last Friday the NASDAQ Composite was only 0.79% away from its all time high. Obviously, the big factor in the recent rise has been a lot of QE money coming in and that plus could turn out to be a minus in the end. When QE money matters more than corporate earnings, conditions are out of balance.

NASDAQ Monthly Chart



Marty Chenard

Author: Marty Chenard

Marty Chenard
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker. is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

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