Nice continuation from yesterday's close. The Nasdaq gapped up on the open, pulled in to fill the gap and then moved forward from there. All tech sectors finished the day in the green except the SOX with internet stocks and biotechs taking leadership roles. Commodities and energy also had a big recovery today. We are coming into a lot of resistance at NASDAQ 2200. The NDX winnerss were SIRI, EBAY and AKAM. The NDX losers list includes five semis in the bottom ten - MRVL, MXIM, BRCM, LRCX, and XLNX.
Thursday, May 25, 2006
NASDAQ Technical Picture
Nice continuation from yesterday's close. The Nasdaq gapped up on the open, pulled in to fill the gap and then moved forward from there. All tech sectors finished the day in the green except the SOX with internet stocks and biotechs taking leadership roles. Commodities and energy also had a big recovery today. We are coming into a lot of resistance at NASDAQ 2200. The NDX winnerss were SIRI, EBAY and AKAM. The NDX losers list includes five semis in the bottom ten - MRVL, MXIM, BRCM, LRCX, and XLNX.
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