Thursday, February 16, 2012

Time to invest on the NASDAQ

Buy, Buy, Buy
By Christian A. DeHaemer | Wednesday, February 15th, 2012
Christian A. DeHaemer
Remember the NASDAQ?
It was a big deal back in the late 1990s when it went up 330% in two years. 

nasdaq feb 15
You may not have noticed, but it's up 133% since the bottom in 2009.
What intrigues me about the NASDAQ is that it is above its resistance level, as you can see by this one-year chart...
That's called a breakout — and is very bullish.
NASDAQ Breaks Out
nasdaq breakout
But if you only read the standard news sites, like Yahoo! Finance or Bloomberg, you will find zero articles about it.
The NASDAQ is hitting 11-year highs with the next resistance level at 3,497, and nobody seems to have noticed...
In 1999, every television in every bar and restaurant was tuned to CNBC, and 11-year highs would have been leading the news!
Granted, the NASDAQ surge has to do with Apple (AAPL) going parabolic:

aapl feb 15
The Apple 540 February calls are up 310% today. That's a nice trade.
But it's not just Apple...
Check out stocks like Akamai Technologies (AKAM), which just gapped up:

akam
Qualcomm (QCOM) has doubled in the last year or so.
Microsoft (MSFT) has gone from $16 to $32.
Intel (INTC) — which I've been telling you to buy for more than a year now — has gone from $13 to $27 and pays a fat dividend.
OCZ Technology Group (OCZ), which I recommended to my readers in Crisis & Opportunity, has gone from $4.50 to $9.14 since September.