Monday, December 11, 2006

NASDAQ Technical Picture - Narrow Range Trading Ahead of the FED

A weak open was quickly reversed and followed by a sharp rally. Unfortunately, by 10:15 EST it was all over and the market settled into a NR snooze fest. Typical fare ahead of a FED policy statement. Tech sectors were mixed but very little was gained or lost. Tomorrow's economic data includes the Trade balance at 8:30 and the FOMC policy at 2:15.

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