Nasdaq Analysis 1/07/09 - January 7, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/07/08

Nasdaq Support & Resistance Levels - January 7, 2009

Resistance Levels: 1675, 1700

Support Levels: 1600, 1560

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Today's Biggest Gainers - Top 2009 Stock Gainers

The Nasdaq continues to break out after closing several days above 1600. We are now testing 1675-1690 resistance that I have been talking about for months following the fact that we would close above 1600. 1700 will be another level of resistance so it will take some big buying to get through this area. Support stays at 1600 since it was the low from yesterday.Things are looking great, the volume is starting to come back validating this latest up move. For More Technical Analysis, Go Here

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Nasdaq Analysis 1/05/09 - January 5, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/04/09, 1/05/09

Nasdaq Support & Resistance Levels - January 5, 2009

Resistance Levels: 1675, 1690, 1700, 1785

Support Levels: 1600, 1550, 1500

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Today's Biggest Gainers - Top 2009 Stock Gainers

The Nasdaq broke and closed over a huge resistance level on Friday of 1600. This is very bullish!! Now I know what some are saying, 1600 was broken on low volume. While this is true, you can't help but to see where it closed, 1632. The next resistance for the Nasdaq is around 1675-1690....look for some resistance selling to be located there. If 1700 is closed over, the Nasdaq could be headed to test the Election High of 1786.Support is now at 1600 and 1550....I will now be buying pullbacks at or below the 10 and 50 day moving averages. For Technical Analysis of the Dow, go HERE

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