HGSI In Action Ron Brown – June 12th, 2014

The NASDAQ Composite shows another day of testing for supply, and once again, there was little supply as the index closed in the upper 2/3 of its daily trading range at 72.36%.

The NASDAQ closed with a white candle, but the internals for the index were negative. HGSI shows that decliners led advancers by nearly a 2 to 1 margin in the All NASDAQ index, but within the index, semiconductor, specialty pharmaceutical, biotech, application software and several other groups were particularly strong. This pie chart shows slices of stocks that were UP for the day within the All NASDAQ Group. Stocks moving down are not included. Note, there are only 480 stocks that were up within the All NASDAQ index.  This is just another example of how we can slice and dice information in HGSI to focus on strength, or weakness.

Solar stocks shows signs of life.  In the image above these stocks are in the Renewable Energy Equipment group.  The solar stocks are also at the top of my focused view.  Casino stocks which have taken a beating also showed a pulse yesterday with the Chinese online lottery site, WBAI, leading the way.

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