The Nasdaq shed close to 26 points on higher volume thanks, in large part, to GOOG's CFO. So we have a distribution day to end the month. All tech sectors were negatively affected with the big loser being the internet sector. GIN gave back all of its recent gains. Comparatively speaking, the SOX and NWX held up rather well. Let's hope that March gives us more direction than February did.
Tuesday, February 28, 2006
Nasdaq Technical Picture
The Nasdaq shed close to 26 points on higher volume thanks, in large part, to GOOG's CFO. So we have a distribution day to end the month. All tech sectors were negatively affected with the big loser being the internet sector. GIN gave back all of its recent gains. Comparatively speaking, the SOX and NWX held up rather well. Let's hope that March gives us more direction than February did.
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