Nasdaq is over performing. STOCH is at the overbought level. Confirmed by VIX index as well. The market was and is too overconfident but there are initial signs for a reversal at least for the aim of a correction if not more.
Well, the basic NASDAQ is what it is. But on a bigger picture and scale, NAsdaq 100 Above 20 day Average is a very good indicator of the trend.
Bare in mind that the growth rate of US was -1% for 1Q2014... And this despite a low USD, favorable for export, number of jobless decreased, Shell-gas production increased.......
Therefore, the trend is really worrying...