After gapping up 5 points, the Nasdaq rallied another 5 points and then faded all the back to yesterday afternoon's low. By noon it started to bounce back and spent most of the afternoon in rally mode to end the day up 14 points. Unlike most days, the SOX was a major contributor to the rally, gaining 2.76% on the day. Five of the top ten NDX names were semiconductors. The NDX big winners on the day were AAPL,SNDK and MRVL.
Wednesday, April 05, 2006
Nasdaq Technical Picture
After gapping up 5 points, the Nasdaq rallied another 5 points and then faded all the back to yesterday afternoon's low. By noon it started to bounce back and spent most of the afternoon in rally mode to end the day up 14 points. Unlike most days, the SOX was a major contributor to the rally, gaining 2.76% on the day. Five of the top ten NDX names were semiconductors. The NDX big winners on the day were AAPL,SNDK and MRVL.
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