Sunday, January 28, 2007

NASDAQ Technical Picture - Market Churn

Market churn - one day up, the next day down - that's been the story for the past seven sessions. Once again, the NASDAQ held support at 2420 in early trade on Friday and managed to chop around a narrow range all day closing up 1.25 pts on the day. The $SOX was the tech leader yesterday with some semiconductor equipment manufacturers pacing the way KLAC, CY, SNDK, TXN.


Anonymous said...

Hi J. Here are some gems i found that could move tmrw. SYK, MBT, VMC, VIP. good trading.


Jamie said...

Thanks B!

I will add these to the momo list. Also, keeping an eye on NYX as price converges with the 10, 20 and 50 MAs. It should see a move in the coming days

Good Trading to you too.