Thursday, May 04, 2006

Nasdaq Technical Picture

The Nasdaq carved out a wide range bar on lower volume ahead of the employment data tomorrow morning. The strongest sectors included disk drive, semis, and biotechs. The Nasdaq and small caps outperformed the DOW and SPX. Today's NDX winners were EXPD, WFMI, and ATYT and the losers were ERTS, JDSU and ATVI.

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