And with that mixed trading in related issues. I think we will see some mixed trading on this first day of May 2001. Although the momentum is upwards in tech, we may see a mixed bag in this large macro sector. Once again the large cap tech leaders are moving up stronger than the larger broad based Nasdaq. Something to keep in mind.
Money seems to be flowing into tech which can be a double edged sword.
It will make for nice move on the upside, but will also lead to volatility as that money moves around and can give us days with strong sell off. Because this is money that can flow out as fast as it flows in. I don't think anyone is investing for the long run in this market yet. It is a traders market until we see signs of a true recovery beginning. It opened strong and gained on that.