The following is Technical Analysis for the Nasdaq ( NAS ) for 1/08/08
Nasdaq Support & Resistance Levels - January 8, 2009
Resistance Levels: 1600, 1665
Support Levels: 1573, 1550, 1500
http://stockcharts.com - Chart
Today's Biggest Gainers - Top 2009 Stock Gainers
The Nasdaq came back to test key support of 1600 today and closed 1 point below this level. The Nasdaq has key support at 1600, the 10 day moving average at 1573, and 1553 which is the 50 day moving average. These levels might be tested in the next few trading sessions. As you might know, I have been bullish as long as we stay over 1500 but will start to be cautious under 1550.
1665.63 is the new high and this will act as resistance for the future. I have a feeling we might trade between 1550 and 1600 again until we get this jobs number on Friday.
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Nasdaq Support & Resistance Levels - January 8, 2009
Resistance Levels: 1600, 1665
Support Levels: 1573, 1550, 1500
http://stockcharts.com - Chart
Today's Biggest Gainers - Top 2009 Stock Gainers
The Nasdaq came back to test key support of 1600 today and closed 1 point below this level. The Nasdaq has key support at 1600, the 10 day moving average at 1573, and 1553 which is the 50 day moving average. These levels might be tested in the next few trading sessions. As you might know, I have been bullish as long as we stay over 1500 but will start to be cautious under 1550.
1665.63 is the new high and this will act as resistance for the future. I have a feeling we might trade between 1550 and 1600 again until we get this jobs number on Friday.
For More Technical Analysis, Go Here
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
