We are consolidating Monday and Tuesday's gains. As long as we don't take out 2050 ( pivot point) on a closing basis, the consolidation is healthy. Biotechs, drugs and health care are still strong but the latter two are getting toppy from a technical perspective. CEPH was halted AH on a report that Q2 income will exceed previously issued guidance by 40%. The best performing stocks on my screen today were AAPL and SLAB, which finally broke out of their post earnings consolidation ranges. Stay tuned.
Wednesday, July 26, 2006
NASDAQ Technical Picture
We are consolidating Monday and Tuesday's gains. As long as we don't take out 2050 ( pivot point) on a closing basis, the consolidation is healthy. Biotechs, drugs and health care are still strong but the latter two are getting toppy from a technical perspective. CEPH was halted AH on a report that Q2 income will exceed previously issued guidance by 40%. The best performing stocks on my screen today were AAPL and SLAB, which finally broke out of their post earnings consolidation ranges. Stay tuned.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment