Tuesday, May 29, 2007

NASDAQ Technical Picture - Choppy, Low Volume Post Holiday Trade


I don't want to over analyse today's choppy, low volume, post-holiday session as I suspect many traders/investors took an extended weekend. I'm looking at the intraday triangle on the 15 minute time frame to see if it breaks to the upside or downside.

Economic Calendar: Crude inventories at 10:30; FOMC Minutes from May 9th at 2:00.

Trading up in AH (After Hours) : CWTR (earnings), OPWV, BCSI, CDWC

No comments: