WEEKLY MARKET DIGEST: GOLD SLAMMED, NASDAQ TOPS DOT COM HIGH, MARKET CONTINUES TO SHRUG OFF BAD EARNINGS $GLD $SLV $USO $DIA $SPY $QQQ $TBF $TBT
(The Weekly Digest reproduces the morning capsules made available every morning before the market open in the Real Time Feeds to the paying subscribers. ) NASDAQ TOPS DOT COM HIGH, MARKET CONTINUES TO SHRUG OFF BAD EARNINGS April 24, 2015 Nasdaq finally closed above dot com high. This will bring more buying from the momo crowd. Earnings continue to be worse than the consensus. However the market is shrugging weak parts of earnings off. Stocks run up on short squeezes after they report weak earnings; of course many gurus and media draw their headlines from the stock price movement