The NQ gap close was sold pretty hard. ADVDEC lines are picking up steam to the downside. Watch NQ 1831/1831, key support. Overnight lows are at 1828.75. Bulls need to maintain control here. It looks like they are holding COMP 2500. Line in the sand today, it seems. The DOW is the weakest, no surprise there. Those big caps with slow growth can't handle higher rates as well as high beta techs.
Bond bears want to see TNX move back up above 47.05, 50 DMA. So far, it's resistance.
Bond bears want to see TNX move back up above 47.05, 50 DMA. So far, it's resistance.
This entry was posted
on Wednesday, February 21, 2007 at 2/21/2007 10:40:00 AM.
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