Nasdaq Analysis 3/23/09 March 23, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/23/09

Nasdaq Support & Resistance Levels - March 23, 2009

Resistance Levels: 1500, 1556, 1600

Support Levels: 1440, 1400, 1364, 1300

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Stock Market Futures

The Nasdaq hit 1500 resistance and is now closed back under the 50 day moving average. This is something to watch because we may be headed back to 1400. Apple could not get above $103.60 resistance and appears to be ready to sell back off as well. If the Nasdaq closes above 1500 at any time, I believe it will head back toward the 1600 level. If the Nasdaq closes below the 10 day moving average, it will probably be headed back into the 1300's. Keep a close eye on this situation. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/19/09 March 19, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/19/09

Nasdaq Support & Resistance Levels - March 19, 2009

Resistance Levels: 1500, 1556, 1600

Support Levels: 1470, 1400, 1364, 1300

http://stockcharts.com/ - Chart

Stock Market Futures

The Nasdaq continues to break out to the upside and has ended over the 50 day moving average. The Nasdaq broke 1500 today but then pulled back. If we close over 1500 tomorrow we could be headed back into the 1550-1600 range. The 50 day moving average at 1470 now becomes support. A close below this level from here on out will be a sign of weakness and we will have to see how the 10 day holds up. If the Nasdaq can hold these levels, the 10 day could cross the 50 day and provide another bullish signal. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/18/09 Stock Market Analysis

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/18/09

Nasdaq Support & Resistance Levels - March 18, 2009

Resistance Levels: 1472, 1500, 1556, 1600

Support Levels: 1400, 1364, 1300, 1253.22

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq gained back all of the losses yesterday and broke through recent high of 1445. The 50 day moving average has now come down to 1472 which provides additional resistance as does the 1500 level. Tommorrow will be a big test for the Nasdaq! Support of 1400 has held over the last few days and this is a very positive sign. A break below 1400 would take the Nasdaq down for a retest of the 10 day moving average. I will be watching how the Nasdaq reacts over the next several weeks at the 50 day moving average. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/17/09 March 17, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/17/09

Nasdaq Support & Resistance Levels - March 17, 2009

Resistance Levels: 1477, 1500, 1556, 1600

Support Levels: 1400, 1352, 1300, 1253.22, 1193.42, 1108.49
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Stock Market Futures

The Nasdaq was very weak today compared to the other major averages. I continue to watch the 50 day moving average ( 1477 ) because it will be a strong resistance level as will 1500. The Nasdaq looks as though it is running out of steam based on today's trading. We've had around a 180 point move in the past 5 trading sessions. Support continues to be located at 1400 and if we start breaking though this level we will be headed back to test the 10 day moving average ( 1352 ). The next few days will be key! For More Technical Analysis - Go Here

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Nasdaq Analysis 3/16/09 March 16, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/16/09

Nasdaq Support & Resistance Levels - March 16, 2009

Resistance Levels: 1480, 1500, 1600

Support Levels: 1400, 1344, 1300, 1253.22

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq has gone up 4 straight days and has closed all 4 days above the 10 day moving average. Resistance will be around 1480 ( 50 day moving average ) and 1500. If the Nasdaq gets above 1500 there will be a lot of sellers willing to unload, so its hard for me to see it going that far in such a short amount of time. Support is at the 10 day moving average around 1345. I would be buying a pullback at this level and I strongly believe it will be tested in the coming weeks, although it will be much higher. This will be the first big test! For More Technical Analysis - Go Here

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Nasdaq Analysis 3/13/09 March 13, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/13/09

Nasdaq Support & Resistance Levels - March 13, 2009

Resistance Levels: 1456, 1483, 1500, 1600

Support Levels: 1400, 1340, 1300, 1253.22, 1193.42, 1108.49

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq has had an explosive move higher this week and is now above 1400. This level will now become support and when you see a break below 1400, chances are we go back to retest the 10 day moving average at 1340. I am skeptical of the quickness of this move and believe we will test the 10 day moving average soon but it will probably be a lot higher then 1340. The Nasdaq is now in the middle of oversold and overbought. If 1400 continues to hold, look for the 50 day moving average to be tested, a close over this would be huge! For More Technical Analysis - Go Here

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Nasdaq Analysis 3/12/09 March 12, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/12/09

Nasdaq Support & Resistance Levels - March 12, 2009

Resistance Levels: 1400, 1456

Support Levels: 1336, 1300, 1253.22, 1193.42, 1108.49

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq had another great day today, closing above the 10 day moving average for the second straight day. The 10 day moving average is at 1336 so it is important that we inch up slowly instead of having these huge moves higher. Over the next few days this moving average will move higher and i'd expect us to at least retest this level as it will offer support. On the upside, i'd be selling a move toward the 50 day moving average around 1484. Keep in mind, by the time the Nasdaq gets there it will be around 1450-1460. Things are looking solid for the Nasdaq right now, but we will see what happens when the 10 day moving average is tested once again. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/11/09 March 11, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/11/09

Nasdaq Support & Resistance Levels - March 11, 2009

Resistance Levels: 1400, 1456

Support Levels: 1341, 1300, 1253.22, 1193.42, 1108.49

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq closed over the 10 day moving average today and this is a very bullish sign. I expect the Nasdaq to trend above and below this level over the next several days but the close will be key. If the Nasdaq can stay over the 10 day average over the next several trading sessions, more buyers will step in. I will get more bullish on a close over 1400 but for now I own a small position in QLD stock. On the downside, I will look to add if we test 1300 again but I will stop out at 1295. For the S&P 500, look for a huge up move on a close over 741 resistance. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/5/09 March 5, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/5/09

Nasdaq Support & Resistance Levels - March 5, 2009

Resistance Levels: 1392, 1400, 1456

Support Levels: 1315, 1295

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq finally had a great day but we are only back to Monday's high. Keep an eye on the next resistance level at the 10 day moving average which tomorrow will be around 1385. 1400 would also be resistance.
Support at 1315 continues to hold and if we close below 1315 I think we will break 1300 and go to a new 52 week low. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/26/09 February 26, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/26/09

Nasdaq Support & Resistance Levels - February 26, 2009

Resistance Levels: 1467, 1500, 1526

Support Levels: 1384-1387

http://stockcharts.com - Chart

Stock Market Futures

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

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Nasdaq Analysis 2/23/09 February 23, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/23/09

Nasdaq Support & Resistance Levels - February 23, 2009

Resistance Levels: 1500, 1535

Support Levels: 1434, 1400

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq was very strong today when the market turned around in the afternoon hours and managed to close over the support level of 1434.
Right now the Nasdaq has support at 1417-1420 but a break down below this range would bring a retest of 1400. I'd expect 1400 to hold unless there is really bad new out there. I will be buying anything at or below 1400 for a nice bounce. On the upside, the Nasdaq will have resistance between the 1500-1513 area and would probably stall if it gets there any time soon.

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Nasdaq Analysis 1/21/09 January 21, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/21/09

Nasdaq Support & Resistance Levels - January 21, 2009

Resistance Levels: 1456, 1500

Support Levels: 1400

http://stockcharts.com - Chart

The Nasdaq tested the 50 day moving average above 1500 on Friday but failed and broke Thursday's low of 1456. We also closed at the lows today. This action is very bearish and it points to more downside to come. The next support level for the Nasdaq is 41 points away at 1400. This is a solid support level and am expecting a nice bounce once we hit this level. Resistance: On the upside, I will get bullish on a close back over 1500 as well as the 50 day moving average. For More Technical Analysis - Go Here

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Nasdaq Technical Analysis 12/08/08 - Dec 8, 2008

The following is Technical Analysis for the Nasdaq ( NAS ) for 12/08/08

Nasdaq Support & Resistance Levels - December 8, 2008

Resistance Levels: 1536, 1600

Support Levels: 1500, 1470, 1400

http://stockcharts.com - Chart

The Nasdaq, like the Dow, hit support ( 1400 ) and rallied hard into the close after a horrible jobs report. The Nasdaq actually performed better and closed over a key resistance level of 1500.

Resistance - There is resistance between 1512.41 - 1535.57 which was the range on Black Friday but a close above 1536 could spark a nice rally to test 1600. If we don't get a big sell off on Monday, this could play out in the coming weeks.

Support - The Nasdaq has SOLID support at 1400 and if we would get a close below 1400 it most likely go down to test the lows again at 1295. Keep an eye on 1470 as the first major level of support if 1500 is broken...1470 will be near the 10 day moving average.

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Nasdaq Technical Analysis 12/05/08 - Dec 5, 2008

The following is Technical Analysis for the Nasdaq ( NAS ) for 12/05/08

Nasdaq Support & Resistance Levels - December 5, 2008

Resistance Levels: 1500, 1535
Support Levels: 1400, 1295

http://stockcharts.com - Chart

The Nasdaq failed at 1500 this morning, 12/5/08, and it was sold back to the 10 day moving average yet again. This has been the trading range over the past week and although we ended down today, the trading action is still bullish. Tomorrow we get the jobs number, a huge event that will move the markets and set the stage for the coming weeks and maybe even the rest of the month. Nasdaq has major resistance at 1500 and 1535, a close over 1535 and you could easily see 1600 be tested rather quickly. On the downside, 1400 must hold on a closing basis, if we close back under 1400 at any point with volume, the sellers will be lining up to sell.
Friday's Job's Report will be a big event!

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Nasdaq Technical Analysis 12/03/08 - Dec 3, 2008

The following is Technical Analysis for the Nasdaq ( NAS ) for 12/02/08 & 12/03/08

Nasdaq Support & Resistance Levels - December 3, 2008

Resistance Levels: 1500, 1535

Support Levels: 1442, 1400, 1295

http://stockcharts.com - Chart

The Nasdaq closed back over its 10 day moving average today. This is a key level that I use in order to be bullish or bearish. The Nasdaq bounced off of support which was at 1400 after breaking through 1500 yesterday. 1440-1442 will be the level to watch tomorrow for support. As long as we keep closing above the 10 day moving average it is better to be long stocks then short stocks. We are right smack in the middle of the recent trading range of 1400-1500....which ever level we break first from here on out is where we are headed. If we close below 1400 we will most likely retest the lows of 1295. A close above 1500 and I think we will break 1535 and test the 50 day moving average.

Bottom Line, I continue to monitor the 10 day moving average and will get more long the Nasdaq with a close over 1500. As long as we keep closing over the 10 day MA...I will buy the Dips. Market Technicals look good today! For Technical Analysis of the Dow, go HERE

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