Saturday, July 01, 2006

Nasdaq Technical Picture

Click on chart for larger view.

The NASDAQ shed 2.6 points on higher volume Friday as semis gave back 1%. The higher volume was surprising as most of the session felt like a low volume, snoozefest. The narrow range bar did not cause any technical damage and we'll have to wait until after the holiday weekend to see if we can build on Thursday’s gains.

No comments: