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

http://stockcharts.com - Chart

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 3/23/09 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

http://stockcharts.com/ - Chart

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
http://stockcharts.com - Chart

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 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 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

http://stockcharts.com - Chart

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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Nasdaq Analysis 2/18/09 February 18, 2009

Nasdaq Support & Resistance Levels - February 18, 2009

Resistance Levels: 1500, 1535

Support Levels: 1450, 1434, 1400

http://stockcharts.com/ - Chart

Stock Market Futures

The Nasdaq gapped below both the 10 & 50 day moving averages and took out the Feb 2nd low of 1476 to close at 1470 today. I now expect the Nasdaq to test the next support range which is between 1434-1450. If this range does not hold, look for 1400 to be tested. Every time the Nasdaq has reached the 1400's lately it has bounced back to 1600. If you like technology, this is a great area to start accumulating. You can buy QQQQ or QLD which is twice the move of QQQQ.Resistance on the Nasdaq is now at 1500. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/17/09 February 17, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/17/09

Nasdaq Support & Resistance Levels - February 17, 2009

Resistance Levels: 1600, 1665

Support Levels: 1500, 1495, 1460, 1435

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq continues the recent uptrend and has managed to make higher lows since late November. 1600 is major resistance as well as 1665. A close above 1600 would be viewed as very bullish and we could see a nice break out to test 1665. On the downside, support is currently at 1495, Thursday's low before the bounce. The next support level is 1461 which was the made on Feb 2nd. Pullbacks under 1500 have been a strong buy and will continue to be going forward. The Nasdaq closed at 1534.36 which is below the 10 and 50 day moving averages. For More Technical Analysis - Go Here

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Nasdaq Analysis 2/13/09 February 13, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/13/09

Nasdaq Support & Resistance Levels - February 13, 2009

Resistance Levels: 1600, 1665

Support Levels: 1535, 1532, 1500, 1495, 1476

http://stockcharts.com - Chart

Stock Market Futures

The Nasdaq briefly traded under 1500 this afternoon but then reversed and closed back over the 10 and 50 day moving averages. As you can see, the Nasdaq has held up strong through this latest sell off and is the first to rally when we get good news. We will have to see if we can close above these two averages tomorrow as we could retest 1600 soon, or go back to 1500. We are right in the middle of the trading range and these moving averages are the only support. Pullbacks under 1500 have been bought heavily! For More Technical Analysis - Go Here

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Nasdaq Analysis 2/12/09 February 12, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/12/09

Nasdaq Support & Resistance Levels - February 12, 2009

Resistance Levels: 1532.58, 1600, 1665

Support Levels: 1500, 1495, 1476

http://stockcharts.com - Chart

The Nasdaq continued the slide today and every bounce back to the 50 day moving average failed. Until we get back over this moving average, the Nasdaq is very vulnerable. The Nasdaq has shown great strength lately so when the markets finally turn, tech is where you will want to be. As long as we hold 1500, I remain bullish and will buy these pullbacks. I have been actively trading the QLD. For more technical analysis - Go Here

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Nasdaq Analysis 2/11/09 February 11, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 2/11/09

Nasdaq Support & Resistance Levels - February 11, 2009

Resistance Levels: 1533, 1600, 1665

Support Levels: 1500, 1495, 1476

http://stockcharts.com - Chart


Stock Market Futures

The Nasdaq fell big today with the overall stock market sell off. After testing 1600 for the second straight day and failing, the Nasdaq closed under the 10 and 50 day moving averages which are basically even with each other at 1532. 1532 is now minor resistance and 1500 would be the next support level for the Nasdaq. Pullbacks under 1500 have been a strong buy lately so if we get down there, I will be pulling the trigger. Once 1600 can hold on a closing basis for more then 3 day, we might have big rally. For more technical analysis - Go Here

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Nasdaq Analysis 1/30/09 January 30, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/30/09

Nasdaq Support & Resistance Levels - January 30, 2009

Resistance Levels: 1518, 1555, 1600, 1665

Support Levels: 1500, 1434

http://stockcharts.com - Chart

The Nasdaq pullback to its 10 and 50 day moving averages today but it remains over 1500. This is a level that has offered great support if closed over but if closed below we have had significant trouble getting back over. After being up 4 straight sessions, today we had a pullback day. On 1/30/09, the GDP figure comes out in the morning and will set the tone for the next week. I continue to like buying tradeble dips under 1500 but if the Nas goes below 1434 it would cause problems. Over the past several months, we mainly trading in a large range from 1450 to 1650. For More Technical Analysis - Go Here

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Nasdaq Analysis 1/28/09 January 28, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/28/09

Nasdaq Support & Resistance Levels - January 28, 2009

Resistance Levels: 1519, 1550, 1600, 1665

Support Levels: 1500, 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq closed above its 10 day moving average today which is a very bullish indicator. With the stock market futures up tonight, it looks as though we will close over the 50 day moving average tomorrow. This would set up a run toward 1550 and 1600. Resistance after those two levels would be the early Jan high of 1665.63 and the Election high of 1785.84.
A break below 1434 at any time would be very bearish and we'd probably retest the lows. As long as we remain over 1500, I am bullish on the Nasdaq. For More Technical Analysis - Go Here

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Nasdaq Analysis 1/27/09 January 27, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/27/09

Nasdaq Support & Resistance Levels - January 27, 2009

Resistance Levels: 1500, 1519, 1600, 1665
Support Levels: 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq had a great day from my point of view today, retesting its 10 & 50 day moving averages. As you can see, we stopped 4 points short of the 50 day. It would have been nice to close over these 2 levels but resistance is called resistance for a reason - it won't be easy. I'd look for the Nasdaq to close over 1500 over the next few days and that could give a buy signal but if we get back to 1600 i'd be selling. On the downside, if we break through the recent low of 1434.08, I believe we will head to test 1400 and that needs to hold or else it will get ugly. For More Technical Analysis - Go Here

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Nasdaq Analysis 1/26/09 January 26, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/25/09 - 1/26/09

Nasdaq Support & Resistance Levels - January 26, 2009

Resistance Levels: 1500, 1521, 1600, 1665

Support Levels: 1444, 1435, 1400

http://stockcharts.com - Chart

The Nasdaq continues to trade below 1500 which was a key support level...for the past two days, we could not rally above this level - very bearish. Look for the Nasdaq to start a new uptrend with a close back over 1520 which is the 50 day moving average. Nasdaq has nice support around the 1435-1445 area and I will be buying pullbacks near 1400. For More Technical Analysis - Go Here

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Nasdaq Analysis 1/23/09 January 23, 2009

The following is Technical Analysis for the Nasdaq ( NAS ) for 1/23/09

Nasdaq Support & Resistance Levels - January 23, 2009

Resistance Levels: 1500, 1523, 1600, 1665

Support Levels: 1456, 1444, 1400

http://stockcharts.com - Chart

The Nasdaq closed back under the 1500 level today but managed to hold the recent low of 1440.86. This is a positive sign in a recent downtrend. The 10 day moving average ( Blue Line ) and getting ready to break back through the 50 Day moving average ( Red Line ). This action is a very bearish signal and if this doesn't improve you could see the Nasdaq break down even further. Right now the Nasdaq has nice support between 1440-1460 and has been bouncing off this level for the past week. I will get more bullish when we close back over 1523 which is right around both moving averages. For More Technical Analysis - Go Here

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