Morning Report Monday 23rd November 2015
How are Apple, Amazon and Google looking in the US?Good morning everyone and hope you all had a great weekendOverviewThe financial press keeps referring to the rally in US stocks as not being broad based and led by just a select few stocks; hence, we thought it was time to look closely at the largest 4 household names in the NASDAQ leading the way.The IT / Technology-based NASDAQ has been a very impressive US index over recent years rallying over 350% since the GFC, compared to 68% for the ASX200 - see chart 5. It is close to breaking its all-time high set in 2000 with, on the short-term basis, another 6-7% upside targeting the 5000 area.Turning to the MarketLet's look at the NASDAQ and its 4 largest stocks for any clues to where this rally may rest / fail:1 Apple $119.30
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