NDX

Nasdaq +47 handles today and 13 handles away from the all time highs.We all know that FANG and NDX have a Positive Correlation either to upside or downside.The other big Component of NDX is  Bio tech  . I monitor these by watching the Biotech ETF,IBB. This sector appears strong is it is making close to a 2 month high and Rallying for 4th consecutive day,FANG Index also Higher for 4th consecutive day.When these sectors re rallying hard to keep NDX down.

Below find   daily graphs of IBB:

ibbb

The Morgan Stanley FANG index of stocks:

fng

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