2500 is a very important technical support for Nasdaq. If it closes below 2500, it will test 2450 in a few days.
1) Stocks up 50% or more in a month=19, this number went upwards of 20 last week. This indicates overbought conditions.
2) Percentage of stocks above their 200 DMA is 78%. This indicates market needs to come down a little.
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