The NASDAQ added 12.5 points and closed above resistance but the volume felt very tepid especially in the afternoon. The SOX put in a solid performance but the rest of the tech sectors were mixed. Then next level of resistance is the 200 MA which is just 20 points away.
Tuesday, September 05, 2006
NASDAQ Technical Picture - Test of the 200 MA Looms Ahead
The NASDAQ added 12.5 points and closed above resistance but the volume felt very tepid especially in the afternoon. The SOX put in a solid performance but the rest of the tech sectors were mixed. Then next level of resistance is the 200 MA which is just 20 points away.
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