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Chart of the Week: NASDAQ w/ MACD momentum

Posted By Barry Ritholtz On July 26, 2005 @ 1:38 pm In Economy,Markets,Technical Analysis | Comments Disabled

Kevin Lane notes that “Both the fast and the slower
stochastics are turning down from overbought levels suggesting momentum waning
here in the short-run. Given that NASDAQ is bumping up against prior resistance
here near 2,220 it makes sense that it may need to back off first and regroup
before making another assault on resistance.”

NASDAQ w/ MACD momentum
click for larger chart

Nasdaq_w_macd_072605 [1]
Source: Technimentals [2]

“MACD momentum is rolling over near-term (green circle) on
the NASDAQ so we wouldn’t be surprised to see a short-term set back towards
support near the 2,100 level (red line).”


Random Items:

Are bubbles only seen in retrospect? [3]

How Craigslist Has Changed New York [4]

How to Ride the Fifth Wave [5]

China Revalues; Trade Gap Still a Basket Case [6]

Another tech-stocks bubble? [7]

Fireside Chat: Mark Cuban [8]

Requiem for a fictional Scotsman


Quote of the Day:

"Everything in the
world may be endured except continued prosperity.”
-Goethe [10]

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2005/07/chart-of-the-week-nasdaq-w-macd-momentum/

URLs in this post:

[1] Image: http://bigpicture.typepad.com/.shared/image.html?/photos/uncategorized/nasdaq_w_macd_072605.jpg

[2] Technimentals: http://www.redtechresearch.com/research/index.php

[3] Are bubbles only seen in retrospect?: http://www.marketwatch.com/news/story.asp?guid=%7BB06CAD20%2D6376%2D48E7%2DA07D%2DCDF655F65353%7D&siteid=mktw&dist=

[4] How Craigslist Has Changed New York: http://www.newyorkmetro.com/nymetro/news/people/columns/intelligencer/12348/

[5] How to Ride the Fifth Wave: http://www.business2.com/b2/web/articles/0,17863,1071030,00.html

[6] China Revalues; Trade Gap Still a Basket Case: http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_baum&sid=azcqs4J0UZuI

[7] Another tech-stocks bubble?: http://economist.com/agenda/displayStory.cfm?story_id=4194964

[8] Fireside Chat: Mark Cuban: http://www.alwayson-network.com/comments.php?id=11293_0_4_0_C

[9] Requiem for a fictional Scotsman
: http://www.kgb.com/2005_07_24_kgbreparchive.shtml

[10] Goethe: http://www.kirjasto.sci.fi/goethe.htm

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