NASDAQ Technical Picture - Uncertain

By: Wall Street Warrior Monday, December 17, 2007 1:16 AM

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A very volatile, negative week with the S&P 500 giving back roughly half of the surge off the Nov low. The close on the lows of a bearish weekly candlestick (dark cloud cover) suggests potential for additional pressure early next week. Two NRBs on the NAZ look like a consolidation or pause ahead of further weakness (bearish engulfing on the weekly). Overbought/Oversold bias is more or less neutral, but moving quickly lower.

Companies reporting earnings the week of Dec 17th-21st include: Monday: ADBE, and SEH... Tuesday: BKRS, BBY, FDS, GS, AIR, APSG, DRI, FSII, HOV, NDSN, PALM, and TTWO...

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Research Related Stocks: ACN, ADBE, APOG, APSG, ATU, BBY, BKRS, BSC, CAG, CMC, COGN, CTAS, DRI, EGLS, FDS, FDX, FSII, GIS, HEI, HOV, HWAY, JBL, JOYG, KMX, MLHR, NDSN, NKE, ORCL, PALM, PAYX, PIR, PRGS, RECN, RHT, RIMM, SCHL, SCS, SEH, SMOD, SMSC, STEI, TIBX, TTWO, WGO, WOR,

More Articles on: Finance , Computer and Technology , Basic Materials , Transportation , Construction , Medical , Consumer Staples , Aerospace

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The above story is the opinion of the author only and it does not reflect iStockAnalyst opinion. Further, the author is not personally advising you regarding the suitability of the story for your investment needs. In no event iStockAnalyst will be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from or arising out of, or in connection with the use of this information. Please consult your investment advisor before making any investment decision.

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More Articles on: Finance , Computer and Technology , Basic Materials , Transportation , Construction , Medical , Consumer Staples , Aerospace
Research Related Stocks: ACN, ADBE, APOG, APSG, ATU, BBY, BKRS, BSC, CAG, CMC, COGN, CTAS, DRI, EGLS, FDS, FDX, FSII, GIS, HEI, HOV, HWAY, JBL, JOYG, KMX, MLHR, NDSN, NKE, ORCL, PALM, PAYX, PIR, PRGS, RECN, RHT, RIMM, SCHL, SCS, SEH, SMOD, SMSC, STEI, TIBX, TTWO, WGO, WOR,

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