Nasdaq ETF’s Relative Strength a Good Sign: Analyst

The Nasdaq fell harder than the Dow and S&P 500 in Monday’s downdraft, but the Nasdaq’s relative strength recently augurs well for the stock rally that kicked off in March 2009, a technical analyst says. “The ratio of the PowerShares QQQ (NasdaqGM: QQQ) versus the SPDR S&P 500 ETF...