The Nasdaq carved out a bullish engulfing pattern and closed well above its 50 day MA on relatively good volume. The SOX finally woke up and put up some pretty good numbers and lead the tach sectors to a small victory for the bulls. All major tech sectors were in the green today even internets. On the 60 minute chart it looks like we have just broken to the upside from an inverted H&S bottom. If so, we can expect a retest of the breakout point and 40 points on a measured move from 2280. Today's NDX winners are JNPR, ATVI and PTEN. Even GOOG was in the top five.
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