The Nasdaq breached the April low on an intraday basis, but managed to save itself into the close on. Despite all of the afternoon choppiness, the morning session was good for semiconductors and the DDX. Software was the weakest tech sector weighted down by ADBE. Today's NDX winners were GRMN, CTSH, and LRCX. In addition to ADBE, the big losers included BEAS, and XMSR. The only other positive of note was that the last hour of buying took place on higher volume than the rest of the session.
Wednesday, May 03, 2006
Nasdaq Technical Picture
The Nasdaq breached the April low on an intraday basis, but managed to save itself into the close on. Despite all of the afternoon choppiness, the morning session was good for semiconductors and the DDX. Software was the weakest tech sector weighted down by ADBE. Today's NDX winners were GRMN, CTSH, and LRCX. In addition to ADBE, the big losers included BEAS, and XMSR. The only other positive of note was that the last hour of buying took place on higher volume than the rest of the session.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment