NASDAQ poised to extend its rally

NASDAQ managed to extend its rally in the first trading session after the Labor Day break, which is rather impressive. Futures indicate another pop at the open, but once again we need to wait and see whether more people pile on or sell into the rally. For now, the bears are being kept at bay. But as I have said, it may take a few days or even a week or two for the heavy hitters to get firmly back in the saddle and chart a more definitive market course for the coming months.

 

-- Jack Krupansky