via Bloomberg I came across an interesting piece on the Nasdaq yesterday on Bloombergs market’s live blog. The piece made a case for another 10% gain in the US tech driven Nasdaq. the rationale of the piece was as follows:  1. Yes, the Nasdaq has gained 21%, but other assets look even more stretched. Gold
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Sellers push below the two MAs Traders are  pushing the USDCAD below the converged 100 and 200 hour moving averages at 1.3393. The price tested as moving average levels on the last hour early bar and rebounded back toward resistance near 1.3403 – 1.34067. That area held resistance and the price has since rotated and extended