The following is Technical Analysis for the Nasdaq ( NAS ) for 1/14/09
Nasdaq Support & Resistance Levels - January 14, 2009
Resistance Levels: 1551, 1600, 1665
Support Levels: 1500, 1450
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The continues to be weak with the rest of the stock market but has been stronger then the other major averages lately. The Nasdaq remains over the key support of 1500 but has traded two straight days under both moving averages, 10 and 50 day. This is something to watch closely. If support is broken, you could see all the major runners lately break down ( DRYS , GOOG, RIMM ). 1450 would be the next target for the Nasdaq. For More Technical Analysis, Go Here
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The continues to be weak with the rest of the stock market but has been stronger then the other major averages lately. The Nasdaq remains over the key support of 1500 but has traded two straight days under both moving averages, 10 and 50 day. This is something to watch closely. If support is broken, you could see all the major runners lately break down ( DRYS , GOOG, RIMM ). 1450 would be the next target for the Nasdaq. For More Technical Analysis, Go Here
For More Stock Market Updates, visit , http://daytradingstockblog.blogspot.com/ or Subscribe for FREE
