MLR (Market Lab Report) - NASDAQ is not necessarily stuck
There has been some concern from investors because the NASDAQ Composite seems 'stuck' over the last four days, as well as concerns over yesterday's alleged hangman.
First, action of the leading stocks as well as general market action over the last several days take precedent.
Second, the closing high was set on 9/24 on both the S&P 500 and NASDAQ Composite, so by definition, it is not a hangman.
Lastly, the last 2 days of this month is quarterly window-dressing time. Leaders should have the winds at their sails as fund managers will want to show that they hold leading stocks for the quarterly report.
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