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[abbyjoseph]

Thinking back to early 2000, I thought the NASDAQ stock market would eventually trade at 5,000, but I wasn’t sure about how long it would take. Well, now it looks like the answer at the time would have been around 15 years.

After a decent run this year, the NASDAQ stock market is trading within 300 points, or 6.2%, of the magical 5,000-point level. The index is leading the broader market higher this year with a 12.75% advance and is continuing to show promise on the chart with a bullish golden cross, based on my technical analysis.

Investor sentiment has been bullish on the NASDAQ stock market in 14 of the past 16 sessions to Tuesday.

And similar to late 1999 and into early 2000, stock market euphoria for technology stocks is driving the buying. Back then, much of the interest was in the emerging Internet and broadband space, which was somewhat still in its infancy. At this juncture, the stock market interest has not only focused on the Internet space, but also on the mobile, chip technology, and social media areas.

Read More>> NASDAQ 5,000 Just Around the Corner