Tuesday, July 31, 2007

NASDAQ Technical Picture - Gap Fade




The A List tech stocks such as AAPL and AMZN got pummeled today and that brings the NDX 100 into the same technical space as the other major indices. Tech stocks led the selloff today and everything closed near the lows.

Tomorrow is the start of a new month and that could bring some new money. I'm not holding my breath, just taking it one day at a time.

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