There wasn't enough volume for any sort of follow through in today's session and I noticed a lot of failed breakouts. But despite all of that, the Nasdaq added 12.7 points and looks well positioned to retest its highs next week. Networking and semi stocks were today's leaders. Today's big NDX winners were TLAB, GOOG, and AMLN. In the semi space SNDK and NVDA were the best performers and BRCM the weakest with a violation of the 50 MA on a closing basis.
Friday, March 24, 2006
Nasdaq Technical Picture
There wasn't enough volume for any sort of follow through in today's session and I noticed a lot of failed breakouts. But despite all of that, the Nasdaq added 12.7 points and looks well positioned to retest its highs next week. Networking and semi stocks were today's leaders. Today's big NDX winners were TLAB, GOOG, and AMLN. In the semi space SNDK and NVDA were the best performers and BRCM the weakest with a violation of the 50 MA on a closing basis.
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1 comment:
Nice chart, yep NASDAQ stagnating (consolidating)
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