The naz has been up like 24 days in a row except for 2, while nothing is improving on the earnings front. I love it when the indexes just go uo for no reasons ignoring all the data along the way. The ism # is the weakest in a long time, and it doesn't matter if the fed stops, the economy is slowing down as all the #'s have been coming down, month after month. The naz does this at least once a year , going up everyday while everybody just keeps asking , why . Must be the second half recovery, again !! Funny though, how the naz can perform like that while nvls has moved nowhere. With the soxx making this move lately nvls should at least be testing 30. Maybe it can break the downtrend line, but I doubt it. Bad news is good news, so maybe they should warn instead of raisng guidance
Not sure what you meant, 'NVLS hasn't gone anywhere'. Fact is that NVLS set its' low at 23.47 on May 2, and today at 27.32 it has risen about 16.4%. I doubt if other shorts find that rise to be 'nothing'! A nice slow crushing motion so far. NVLS is like a slow-witted python.
Looking for more followthrough. For sure, if the market breaks out, NVLS will also.