We ended the week with another low volume, choppy session, and so it doesn't look too promising going into Fed Speak week. Sector wise it was a mixed bag with biotechs leading the way up versus the SOX leading the way down. LRCX, the big NDX loser, really took a tumble on no news. If we fail to hold support of the blue line in the early going next week, I'll be looking for shorting opportunities.
Friday, June 23, 2006
NASDAQ Technical Picture
We ended the week with another low volume, choppy session, and so it doesn't look too promising going into Fed Speak week. Sector wise it was a mixed bag with biotechs leading the way up versus the SOX leading the way down. LRCX, the big NDX loser, really took a tumble on no news. If we fail to hold support of the blue line in the early going next week, I'll be looking for shorting opportunities.
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