The Traderszone Network

Published in TZ Latest News 7 October, 2017 by The TZ Newswire Staff

THE NASDAQ 100 HIT A RECORD HIGH THIS WEEK, BUT STILL LAGS BEHIND THE S&P 500 OVER THE LAST MONTH — RISING BOND YIELDS HAVE CAUSED THE QQQ TO LOSE MOST GROUND AGAINST FINANCIALS AND SMALL CAPS

NASDAQ 100 HITS NEW HIGH… Chart 1 shows the
Powershares QQQ ETF hitting a record high this week. It was the last of the major stock indexes to do so, and its breakout is a positive sign for the market. It also did slightly better than the rest of the market. The QQQ, however, has still been a relative laggard over the last month. That’s shown by the falling…