Thursday, April 02, 2009

NASDAQ Closes Above Resistance



Stocks moved higher today with the NASDAQ up over 3%. The NASDAQ made a 4 month high and closed above resistance. If this move is for real, it appears that the next upside target for the NASDAQ is the 200 day moving average which isn't that far away.

1 comment:

Jane said...

Hi Kevin,

Also noteworthy is how GOOG is right beneath its 200 ema. Will be interesting to see how the market moves from now on...

DISCLAIMER

This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
 
Google
Technorati Profile Finance Blogs - Blog Top Sites