Thursday, August 28, 2008

NASDAQ Technical Picture - Follow Through

Solid follow through as the broader averages led tech on day two of the bounce. A better than expected GDP report and news of MBI's decision to reinsure muni-bonds helped propel the markets higher along with big declines in oil.

After hours DELL, MRVL, and SIGM reported disappointing earnings and the NQ futures gave back half of the days gains.

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