DELL earnings could be a catalyst to morning strength, but this relief rally is feeling stretched, so I'll be watching for some profit taking and perhaps a weak close. Transports still feel bullish as oil continues to pullback.Friday, May 30, 2008
NASDAQ Technical Picture - Late Day Profit Taking as Bears Defend 200 SMA
DELL earnings could be a catalyst to morning strength, but this relief rally is feeling stretched, so I'll be watching for some profit taking and perhaps a weak close. Transports still feel bullish as oil continues to pullback.
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