Tuesday, April 17, 2007

NASDAQ Technical Picture - Bearish Gap Filled

Firmly bullish price action despite the lacklustre volume. As we approach the February's highs and an overbought posture, don't be surprised if we pause or retrace some of this last leg up on very short notice. This afternoon's particularly low volume is an early warning sign.

Economic Calendar: CPI, Housing starts and building permits at 8:30; Industrial production and capacity utilization at 9:15.

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