Another fairly flat day with the end result a mere 3 points to the upside. The Nasdaq carved out a doji (indecision) on slightly lower volume. Basically, we haven't moved all week. Sector strength was in networking and disk drive, whereas, the SOX and biotechs were weak. The NDX winners were TLAB, FISV and MNST and the losers CHRW, GILD, and BRCM (twice in three days for BRCM).
Wednesday, April 26, 2006
Nasdaq Technical Picture
Another fairly flat day with the end result a mere 3 points to the upside. The Nasdaq carved out a doji (indecision) on slightly lower volume. Basically, we haven't moved all week. Sector strength was in networking and disk drive, whereas, the SOX and biotechs were weak. The NDX winners were TLAB, FISV and MNST and the losers CHRW, GILD, and BRCM (twice in three days for BRCM).
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