Nasdaq Analysis 2/20/09 February 20, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/20/09

Nasdaq Support & Resistance Levels - February 20, 2009

Resistance Levels: 1500, 1535

Support Levels: 1434, 1400

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Stock Market Futures

The Nasdaq set another weekly low today at 1442.53 but continues to hold the January low of 1434. If 1434 is broken, I think the Nasdaq will test 1400.
A close above 1500 would be viewed as bullish as this is a major resistance level now.
The Nasdaq is still trading well above the November 21st low while all the major averages are testing the lows right now....this is a positive sign if there was one. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/19/09 February 19, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/19/09

Nasdaq Support & Resistance Levels - February 19, 2009

Resistance Levels: 1500, 1535

Support Levels: 1450, 1434, 1400

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq hit a low of 1454.46 today which breaks the Feb 2nd low of 1460. There is a major support area between 1434-1444 for the Nasdaq and if we break through this level, you could be looking at a retest of 1400. On the upside, 1500 is now resistance and bounces toward 1500 will most likely be met with selling pressure. There is also resistance at both the 10 and 50 day moving averages. For More Technical Analysis - Go Here

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