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home / news releases / XLK - The Pursuit Of 'Happyness' - Nasdaq Just Moved Over The 9000 Level Assessing If 10000 Is On The Way


XLK - The Pursuit Of 'Happyness' - Nasdaq Just Moved Over The 9000 Level Assessing If 10000 Is On The Way

Note: This article is a co-production between The Macro Teller ("TMT"), moderator of Macro Trading Factory ("MTF"), and The Fortune Teller ("TFT"), moderator of Wheel of Fortune ("WoF").

Background

Remember how Chris Gardner (Will Smith) is rising from the bottom to the top in the movie "The Pursuit of Happyness?" That's exactly what has happened to the main indices (SPY, DIA, IWM), especially the Nasdaq (QQQ), ever since they reached their lows during the 2008/9 subprime crisis.

Since touching a level of 1265.52 on March 9, 2009, the Nasdaq

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Stock Information

Company Name: SPDR Select Sector Fund - Technology
Stock Symbol: XLK
Market: NYSE

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