The Nasdaq (first chart below) is leading the rally here, a show of relative strength that could be good for the rest of the market, since the tech sector tends to lead.
If the Nasdaq can get through 2550, a gap at 2570-2600 is next. Support is 2516 and 2500. Dollar was 2007 subprime casualty, but 2008 might be different :: the year, said Adam Hewison, president of INO.com, a technical analysis Web site. in stock; Buffett to take stake. Obama opens lead in three key swing http://www.marketwatch.com/news/story/dollar-2007-subprime56D36868}&dist=TNMostReadHOME |
If the S&P (second chart) can get through a ton of resistance at 1428, 1435 and 1445, 1485-1500 could be the next target. Support on the index is at 1405 and rising. Slashdot | Consumer Reports Discovers Tech Support Sucks:: the product and devise a marketing strategy based on the same analysis. that other companies would take Ciscos lead and train their damn techs, rather http://slashdot.org/article.pl?sid=03/08/08/1558203HOME |
The Dow (third chart) has suddenly become the laggard here, once again facing resistance at 13,000-13,150. 12,900 is now support. CARS 2004 to Offer Timely Technical Courses Taught by Experienced :: the best in technical training taught by the nations leading instructors. techs and shop owners develop diagnostic strategies with exhaust gas analysis. http://www.asashop.org/news/2004/aug2004/ASA28.htmHOME | Staff/Technician Positions:: Applicant must have strong technical knowledge in southeast flora and fauna, be of the ESRP Coordinator, this position will take the lead on and oversee the http://www.biology.duke.edu/jackson/ecophys/06staff.htmlHOME |
Bond yields (fourth chart), meanwhile, are closing in on some resistance of their own at the 200-day moving average just above 4%.
Paul Shread is a Chartered Market Technician (CMT) and member of the Market Technicians Association.
Stocks End Strong Week Flat
Stocks Rally on Tech Takeover News
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