Tuesday, November 07, 2006

NASDAQ Technical Picture - Failed Test of October High

Despite a strong open on high volume for both the SOX and the Qs, we failed to take out the October high on a closing basis. The odd thing about the SOX rally was that leadership came from a mostly deadbeat names like BRCM, ALTR, MXIM, MRVL, and AMAT.

Crude inventories tomorrow at 10:30, and CSCO earnings AH.

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