Nasdaq's strength portends robust start for 2010
January 12, 2010 at 12:11 PM EST
As the market leader, the Nasdaq's recent price action merits close attention. The benchmark's due for a cooling-off period, a process that’s already underway. As long as any pullbacks remain orderly, the Nasdaq's unusually powerful breakout in mid-December likely lays the groundwork for further first-quarter follow-through.