Monday, October 5, 2009

NASDAQ & NASDAQ 100 Testing Trend Line

The NASDAQ ($COMPQ) and technology stocks have lead the rally since March '09. The $COMPQ is up is currently testing it's trend line, any break lower could escalate selling. I've also posted the $NDX, in part to use the "Percentage of Stocks Trading Above" their respective 50, 150 & 200 day moving averages. [Not available on $COMPQ]. In this $COMPQ chart I use the 30 & 60 EMA. chart
*click on chart to expand image

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