Thursday, April 13, 2006

Nasdaq Technical Picture


We didn't do too badly for a volume reduced pre-holiday session. The Nasdaq added 11 points and carved out a wider range bar which met with resistance mid-day. Networking and biotechs led the rally, while the internets and software lagged. The SOX was mixed due to AMD's weak earnings report offset by LRCX's strong beat.Today's NDX winners were AMLN, LRCX, and SNDK while the losers were NVDA, PDCO, and EXPE.

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