The Nasdaq recouped yesterday afternoon's loses on slightly stronger volume. The session did feel slightly muted without the participation of the SOX, which peaked at 10:00 and faded into the close. The internet sector was strong and networking was weak. For the day, we carved out a lower low and a lower high. Today's NDX winners were BMET, CKFR, and NVDA. CKFR was my trade of the day and NVDA had another strong volume day, closing near its highs. I'll be watching it on the open tomorrow.
Tuesday, April 04, 2006
Nasdaq Technical Picture
The Nasdaq recouped yesterday afternoon's loses on slightly stronger volume. The session did feel slightly muted without the participation of the SOX, which peaked at 10:00 and faded into the close. The internet sector was strong and networking was weak. For the day, we carved out a lower low and a lower high. Today's NDX winners were BMET, CKFR, and NVDA. CKFR was my trade of the day and NVDA had another strong volume day, closing near its highs. I'll be watching it on the open tomorrow.
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