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

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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