Thursday, October 19, 2006

NASDAQ Technical Picture - Narrow Range Trading Leading into Options Expiration

A narrow range trading day just ahead of options expiration. The SOX managed to close on its 50 day MA as discussed here last night. BRCM and XLNX up in AH trade but SNDK and FLSH are way down on disappointing earnings. GOOG had a big beat tonight - EPS 21 cents ahead of Reuters estimates and a 70% increase in yoy revenues.

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