If the stock market was strong and actual investors were plowing in money for profits, all of the averages would move up on the same day. That is not the case. Given the current level of corporate buybacks, central bank buying, short squeezing and activities of Friends of the Fed, all of the averages cannot be moved higher on the same day. Boatloads of supply are hitting the market. Large cap stocks are very hard to move up. Can the Dow be moved higher? If no, then Nasdaq is moved. If neither can be moved, then it is the small caps. No, The Dow doesn’t move up while the Nasdaq moves down and vice versa because organic trading is causing it to turn out that way.
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