Lack of Broad Participation Across Tech Stocks May Be Rally Warning

technical analysis, stock chart analysis, stock charts, technical chart, chart analysisAs I was running through my various charts after the close today, I came across this interesting tidbit related to the NASDAQ index: Participation has been terribly weak. And the divergence here at price highs could be a warning. See chart below.

nasdaq chart, stock participation, rally, nasdaq rally, sign of weakness, nasdaq technical indicators

———————————————————

Twitter:  @BBTompkins and @seeitmarket     Facebook:  See It Market

Position in QQQ and NQ Futures at the time of publication.

Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

Sign up for our FREE newsletter
and receive our best trading ideas and research