The following is Technical Analysis for the Nasdaq ( NAS ) for 1/25/09 - 1/26/09Nasdaq Support & Resistance Levels - January 26, 2009
Resistance Levels: 1500, 1521, 1600, 1665
Support Levels: 1444, 1435, 1400
http://stockcharts.com - Chart
The Nasdaq continues to trade below 1500 which was a key support level...for the past two days, we could not rally above this level - very bearish. Look for the Nasdaq to start a new uptrend with a close back over 1520 which is the 50 day moving average. Nasdaq has nice support around the 1435-1445 area and I will be buying pullbacks near 1400. For More Technical Analysis - Go Here
Today's Biggest Stock Market Gainers - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Baltic Dry Index
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
