| |
NASDAQ Technical Picture - Trendline Breach - Bullish Bias Intact
Sectors: Finance
, Transportation
, Construction
, Utilities
, Medical
, Aerospace
Symbols: AAUK, ACA, ACH, AFN, ANEN, ANSV, APSG, ASIA, AVCI, BCSI, BECN, BGP, BIG, BRP, BTM, BWS, BYI, BZH, CCBL, CDL, CHS, CIEN, CKSW, CMED, CMOS, COCO, CONN, CPWM, CTRN, CWTR, CYBX, DEEP, DELL, DFC, DJO, DLIA, DLM, DLTR, DRYS, DSL, DY, ENER, ESL, ETEL, EYE, FCEL, FED, FLML, FRE, FRED, FWLT, GCO, GDP, GEF, GME, GMET, GMTN, GSAT, GTI, HDNG, HEI, HOV, HRB, ICTG, IDP, IVN, JAS, JAV, JOYG, JRN, KIRK, KNSY, LAD, LAYN, LGCY, LNDC, LNUX, LTXX, MCRS, MEA, MENT, MNCP, MTG, MTH, MWA, NFI, NM, NOVL, OPLK, OREX, OTEX, OVTI, PEC, PLCE, PPP, PSS, RDN, RDYN, RSTO, SAFM, SBP, SEAC, SIGM, SMTC, SNCR, SNDA, SNIC, SR, TBSI, TCHC, TDSC, TIE, TIF, TLB, TMA, TOA, TSS, TUES, TWB, TWP, UA, UEPS, UNFI, VC, VIP, WCI, WNS, WSM, XJT, ZGEN, ZLC
Author
Related RSS Feeds
The fear factor as measured by the VXN is clearly well off of last Thursday's multi-year high and the bulls are temporarily back in control with a trendline breach. We are back in the overbought zone and month-end is just a heart beat away. A pullback in the early part of next week would help alleviate the extended short term technicals and allow a bit of room ahead of the end/start of the month positive bias. Don't want to get ahead of myself but the Fed move last Friday certainly has had a big impact in dissipating the fear factor.
Subscribe to Email Alerts  or RSS feeds  for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.
Related Stories
Related Press Releases
Releated SEC Filings
Bookmark This Article
Email Article
Send this article by email
 
|
|
|