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From the Blogosphere
Nasdaq Market Wrap 25 Oct

 The 60-minute trend is down according to the force index indicator. %b has printed a slightly negative divergence. The Nasdaq has managed to print new highs, but actually momentum is very low. Support at 1740. Prices are moving within within a slightly positevely inclined channel. Prices are now testing the lower trendline. I would expect a negative week. Many stocks are still trading above their 20-day moving averages, but the picture is more mixed than last week. Actually only MSFT and AMZN printed a 20-day high on Friday. AMGN, BRCM, CMCSA, DISH, GILD, JAVA, NVDA, QCOM printed a new ...
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MSFT, AMZN Defy Techs; JNPR, BRCM Lag
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Heading into the close, with the Nasdaq Composite down 13 points at 2152, here’s how some select tech’s are faring: <>Microsoft (MSFT) is up $1.42, having given up a portion of the day’s gains following better-than-expected sales and profti this morning, and the announcement of $1.47 billion in deferred revenue for pre-orders and shipments to equipment makers of its Windows 7 operating system software;Amazon.com (AMZN) has continued to gain right through the day on blow-out third-quarter results last night, its shares currently up $24.37, or 26%, at $117.79;<>TiVo (TIVO) has spiked $1.02, >>...
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Nasdaq Market Wrap 17 Oct
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 The 60-minute trend is down according to the force index indicator. %b has printed is already close to the oversold level. Prices are testing the closure of the up gap printed on 14 October. A successful closure would open a negative phase on the Nasdaq.That up gap could be seen as an exhaustion gap. Support at 1710 and then 1690. Most of the stocks are trading above their 20-day moving averages and at or pretty close to their 20-day high. The situation however looks less positive than in the DOW. NVDA printed a new 20-day low. GOOG and ORCL printed a 20-day high. SIRI printed 5 consecuti...
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Nasdaq Market Wrap 17 Oct

 The 60-minute trend is down according to the force index indicator. %b has printed is already close to the oversold level. Prices are testing the closure of the up gap printed on 14 October. A successful closure would open a negative phase on the Nasdaq.That up gap could be seen as an exhaustion gap. Support at 1710 and then 1690. Most of the stocks are trading above their 20-day moving averages and at or pretty close to their 20-day high. The situation however looks less positive than in the DOW. NVDA printed a new 20-day low. GOOG and ORCL printed a 20-day high. SIRI printed 5 consecuti...
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Nasdaq Market Wrap 11 Oct

 The 60-minute trend is up according to the force index indicator. %b has printed a slightly negative divergence. Prices are about to test the high of 23 September at 1753. Support at 1710 and then 1690. Most of the stocks are trading below their 20-day moving averages and at or pretty close to their 20-day high. SIRI is the only exceptions printing a new 20-day low. Next week is critical. INTC and AKAM printed 6 consecutive up closes. CSCO and DISH 5. This week was quite impressive with 5 consecutive up closes. You would expect a correction toward supports. I am quite sceptical on the abil...
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