eponymous founder of Louise Yamada Technical Research Advisors tells me the new Bull designation is the NASDAQ’s alone among the major indices and it has more room to run.
After more than a decade of fake-outs and shake-outs in the four ticker stocks the index is making 10 and 11 year highs. Naturally the question is why this time would be any different from rallies past. As Louise sees it, “we’ve finally had our repair now” from the bubble.
The “very impressive breakout” isn’t all due to Apple (NASDAQ:AAPL), which is one reason Louise likes it. Ticking off Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT) and Qualcomm (NASDAQ:QCOM) as stocks “trying to break-up higher” she says there are plenty of ways to play the NASDAQ bull besides everyone’s favorite iHyped stock.