Nasdaq Analysis 7/1/09 July 1, 2009

Nasdaq Stock Chart - The following is Technical Analysis for the Nasdaq ( IXIC ) for 7/1/09

Nasdaq Composite Index (.IXIC) Support & Resistance Levels - July 1, 2009

Resistance Levels: 1855, 1877, 1897

Support Levels: 1800

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Stock Market Futures

The Nasdaq continues to be the strongest average out of the 3 major ones. As you can see, the retest of the 50 day moving average last week was bullet proof and now the Nasdaq is trading back over 10 day moving average. I will be bullish on technology stocks until the 10 day moving average breaks down through the 50 day moving average. There is major resistance around 1897-1900 however. Look for the Nasdaq to be the leader if another rally occurs. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/31/09 March 31, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/31/09

Nasdaq Support & Resistance Levels - March 31, 2009

Resistance Levels: 1500, 1513, 1600

Support Levels: 1490, 1463, 1400

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Stock Market Futures

The Nasdaq is starting to break down after a huge run over the past 3 weeks. I continue to believe that the Nasdaq Bottom has been put in at 1265 but I cannot say this about the Dow or the S&P 500 just yet. The Nasdaq broke closed below the 10 day moving average so I expect a retest of the 50 day moving average ( 1464 ) to be tested sometime this week. If we close below the 50 day, I think we head back to 1400. The postive thing about this sell-off is the volume has been light. Spikes back to the 10 day moving average ( 1512ish ) will be met with sellers. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/27/09 March 27, 2009

The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/26/09, 3/27/09

Nasdaq Support & Resistance Levels - March 26, 2009, March 27, 2009

Resistance Levels: 1600, 1665

Support Levels: 1491, 1462

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The Nasdaq is ripping higher after bouncing off the 10 day moving average yesterday. It appears the Nasdaq bottom is finally in but the rally has gotten ahead of itself. The next major resistance level is 1600 which will be no easy task. Pullbacks to the 10 day moving average can now be bought but I would be selling a close below the 50 day moving average. I don't even see the Nasdaq going back to below 1375 thats how big this recent move has been.

Bottom Line - Buy pullbacks at the 10 and 50 day moving averages with a tight stop on a close below the 50 day moving average.

Research in Motion ( RIMM ) Upgraded by Goldman Sachs - Buy ahead of Earnings - RIMM back above the 50 day moving average

Google ( GOOG ) - Upgraded $450 price target - Canaccord Adams

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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

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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

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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

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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

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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

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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

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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 3/10/09 March 10, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/10/09

Nasdaq Support & Resistance Levels - March 10, 2009

Resistance Levels: 1315, 1325, 1350, 1400, 1456

Support Levels: 1253.22, 1193.42, 1108.49

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Stock Market Futures

The Nasdaq continues to break to new 52 week lows and is rapidly approaching the 2002 support level of 1253. If this support level of 1253 does not hold, there is a huge gap down to the 1193 level. On the upside, I think if we break above 1325 we could retest the 1350-1400 level. I will get bullish when the Nasdaq closes back over its 10 day moving average which tomorrow will be down to around 1340. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/9/09 March 9, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/9/09

Nasdaq Support & Resistance Levels - March 9, 2009

Resistance Levels: 1315, 1362, 1400, 1456

Support Levels: 1253.22, 1193.42, 1108.49

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Stock Market Futures

The Nasdaq broke a new 52 week low today and had nice rally at the end of the day but failed to close back over the 1295.48 level. This is very bearish. I may jump in if we break 1320 on Monday for a ride back to the 10 day moving average. If we get more selling in Monday, keep an eye on 1253 as we doubled bottomed there back in 2002. A break below this would open the flood gates of selling. I will start getting bullish again when we close back over the 10 day moving average. This moving average will be around 1355 on Monday. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/6/09 March 6, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/6/09

Nasdaq Support & Resistance Levels - March 6, 2009

Resistance Levels: 1376, 1400, 1456

Support Levels: 1315, 1295, 1253.22, 1193.42, 1108.49

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq made a new 52 week closing low today at 1299.59. The next level of support is 1295.48 and then all the way down to 1253.22. The 1253 level held twice back in 2002 and then you have two huge gaps down to 1193.42 support and 1108.49 support. If we get a close under 1253 on the Nasdaq, things could get very ugly! On the upside, we failed at the 10 day moving average yesterday. As soon as we get back over this level I think you could see a nice rally! 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

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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 3/4/09 March 4, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/4/09

Nasdaq Support & Resistance Levels - March 4, 2009

Resistance Levels: 1350, 1372, 1403, 1456, 1500, 1526

Support Levels: 1316, 1295

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Stock Market Futures

The Nasdaq managed to remain over the closing low of 1316 today but is showing signs of weakness in after hours tonight. Tonight in after hours we had negative comments from the Google CEO and a warning from Palm. Support continues to be at 1295 but if that level is broken, things could get ugly. On the upside, a break above 1350 could produce a nice rally. Tomorrow will be a critical for the Nasdaq. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/3/09 March 3, 2009

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

Nasdaq Support & Resistance Levels - March 3, 2009

Resistance Levels: 1372, 1400, 1438, 1500, 1526

Support Levels: 1315, 1295

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Stock Market Futures

The Nasdaq ended at the lows today and is testing the 52 week closing low of 1316.12 from Nov 20th of last year. If this level is closed below, you could see the Nasdaq break down and test 1300 and the 1295 low from Nov 21st. The high of 1372 today becomes major resistance as well as 1400. Are we near the bottom? The Nasdaq hasn't been this oversold since the November bottom was hit so it is likely we get a strong rally soon. Tomorrow, Timothy Geithner and Ben Bernanke will speak at separate hearings. For More Technical Analysis - Go Here

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Nasdaq Analysis 3/02/09 March 2, 2009 - NAS

The following is Technical Analysis for the Nasdaq ( NAS ) for 3/1/09, 3/2/09

Nasdaq Support & Resistance Levels - March 2, 2009

Resistance Levels: 1400, 1438, 1500, 1526

Support Levels: 1315, 1295

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Stock Market Futures

The Nasdaq closed below support of around 1384-1387 and appears to be going down to test 1315 which is the 52 week closing low. Keep in mind, the Nasdaq has been making bounces back to the 10 day moving average( blue line ) and failing each time. The 10 day moving average is currently at 1438 but is tanking each day. I am waiting for a close over this level before I will hold the QLD overnight. The trends on all the major averages are broken so as a trader I have to respect that! Until they improve, I cannot hold long. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/27/09 February 27, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/27/09

Nasdaq Support & Resistance Levels - February 27, 2009

Resistance Levels: 1455, 1500, 1526

Support Levels: 1384-1387, 1315, 1295

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Stock Market Futures

The Nasdaq tested the 10 day moving average for the second straight day and was rejected. We are now in the process of retesting Monday's low of 1386.68 and if we break 1384, there isn't much buying support until around the 1315 area. Remember the huge move in November on the Timothy Geithner announcement? When this news broke, the Nasdaq reversed from the 1295 low all the way up to around 1390, exactly where we are right now. As soon as we close back over the 10 day moving average it could be safe to buy technology. Until then, watch 1384, 1315, and 1295. 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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