Monday, April 24, 2006

Nasdaq Technical Picture

A small hammer reversal bar sitting on support of the January high and the 20 day EMA. All tech sectors were in the red again today, however most lifted off of their lows into the close. Disk drive was the exception, it closed on its lows and has been one of the worst perfomers over the last three days. Today's NDX losers were BRCM, SIRI and JDSU. The winners were CELG, NVDA, ISRG.

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