Like yesterday, the advance stalled at 10:00. For the most part, today was a lacklustre day as characterized by lower volume, a narrow range bar, and the loss of just 1 point. The only positive take away is that we held breakout support at the end of the quarter. The SOX was down 1.2% due to institutional selling of weak sector names like SNDK, KLAC, MRVL, XLNX and AMAT. Today's NDX winners were CTXS, LBTYA and EXPE.
Friday, March 31, 2006
Nasdaq Technical Picture
Like yesterday, the advance stalled at 10:00. For the most part, today was a lacklustre day as characterized by lower volume, a narrow range bar, and the loss of just 1 point. The only positive take away is that we held breakout support at the end of the quarter. The SOX was down 1.2% due to institutional selling of weak sector names like SNDK, KLAC, MRVL, XLNX and AMAT. Today's NDX winners were CTXS, LBTYA and EXPE.
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