The following is Technical Analysis for the Nasdaq ( NAS ) for 2/26/09Nasdaq Support & Resistance Levels - February 26, 2009
Resistance Levels: 1467, 1500, 1526
Support Levels: 1384-1387
http://stockcharts.com - Chart
The Nasdaq tried to retest the 10 day moving average but failed late in the day. As of now, pullbacks under 1410 can be bought with a tight stop at 1400. If you are trading QLD, your stop would be at $23.50. The Nasdaq will continue to struggle as long as it is under the 10 day moving average ( 1468 ) and the 50 day moving average ( 1526 ). 1500 will also be a major resistance level. A break below 1400 and the recent low of 1386.68 would be retested. A break below this could send the Nasdaq down to 1315 quickly. 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
For the latest updates on the stock market, visit, http://daytradingstockblog.blogspot.com/ or Subscribe for Free
