The Nasdaq gapped up about five points on the open and after an hour and half of chopping back and forth in a narrow range, it briefly dipped under the unchanged line before taking off in the afternoon. By the end of the session we had added 16 points on higher volume (2.1 billion shares). NWX and hardware were the leaders and the SOX and Internets the laggards, what else is new. Everyone is talking about the multi-year closing highs for the Dow, S&P 500, NYSE and Russell 2000. On the flip side, although the Nasdaq is still 21 points shy of a new multi-year high, it has outperformed both the SPX and INDU these past few days and for most of the rally off of the October lows. Today's NDX winners were SHLD, JDSU, and RIMM.
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