Thursday, August 21, 2008

NASDAQ Technical Picture - Technical Breach

IBD is changing its market outlook from "confirmed rally" to "rally is struggling". Volume continues to decline primarily due to vacation season. The energy rally continued for a third straight session as oil gapped up and held strong for the entire day. As long as energy continues to rally the broad markets will be in defensive mode. No economic data tomorrow.

AAPL is on the focus list at $172.00.

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