This Broke Out Yesterday

Nasdaq 100 {QQQ}has underperformed most major market indices this year.  This has a lot to do with the dramatic underperformance of Apple Computer {AAPL}in 2013.  Nasdaq broke out yesterday.  Not saying it should be bought or sold.  I'm just noting what it did.

Nasdaq First Trust Equal Weighted Index looks better.  It too is close to a breakout of this wedge pattern.

*Long ETFs related to the Nasdaq 100 {QQQ} in client and personal accounts.  Long AAPL in certain client accounts.  AAPL is also a major component of several ETFs that we own in client and personal accounts.

Charts courtesy of FINVIZ.com