NASDAQ closed right near minor resistance just above 2,020. Secondary and more important resistance for this snap back rally would occur near the 2,050 level.
Nasdaq Composite Daily Chart
NASDAQ reversed course right in and around the 2000 level. However given weak momentum and internals we would watch these levels support levels – closely any violation would exaggerate the current corrective activity.
Fed’s Gramlich Sees Deficits Threatening Economy
Calpers to Eisner: Drop Dead!
Talking Sense about Outsourcing
U.S. Senators’ Stocks Beat the Market by 12 Percent (Amazing!)
Waiting For The Heads to Roll
Quote of the Day:
“Everyone wants to make the same three things: money, a name, and a difference. What creates diversity in the Human race is how we prioritize the three.”
- Roy H. Williams
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.