chart courtesy of www.Stockcharts.com
Russell 2000, small cap index broke out on friday, after a 7 month consolidation. This is a strong indication from that Market that it want to go higher. If this falls below 575 . then it's a false breakout.
Sunday, October 03, 2004
Russell 2000 breakout is significant
chart courtesy of www.Stockcharts.com
Russell 2000, small cap index broke out on friday, after a 7 month consolidation. This is a strong indication from that Market that it want to go higher. If this falls below 575 . then it's a false breakout.
Friday, October 01, 2004
SOX Breakout
SOX breakout chart
Semiconductor Index has broken out of its trading range. It looks like the market might push to the upside since semicondutor going up creates bullishness in traders.
Thursday, September 30, 2004
Stocks in sideways movement
The stockmarket closed today with the indexes closing mixed. Dow was down on the big drop of Merk, but Nasdaq was up on the strength of Technology stocks. But Nasdaq wasn't up much indicating that there's some selling pressure in some of stocks expect semiconductor.
Tomorrow we will see if Nasdaq can maintain the upswing it had for the past couple of days. If not we will see more down days . If the market can create some upside momentum there's a chance that the Market make a good upside drive to meet the old highs before topping out.
Tomorrow we will see if Nasdaq can maintain the upswing it had for the past couple of days. If not we will see more down days . If the market can create some upside momentum there's a chance that the Market make a good upside drive to meet the old highs before topping out.
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