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Morning Matters:

Comparison To SMH
by Geoff Garbacz

August 15, 2018

Yesterday we looked to SMH in relation to where the price is compared to 2000. Today we are going to look at the NASDAQ Composite compared to its 2000 level. As our friend, Fred Meissner would say, this is a tale of two stocks.

[Image 1]

The NASDAQ Composite has broken out from its 2000 level and is rocketing higher. The breakout above 2000 happened in 2016 when it cleared 5000 and never looked back.

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