TXN does not give a very inspiring update and it will take a solid retail sales number pre-open to keep this rally going. Watch NQ 1776.25 overnight support (38.2%, see chart). Do not stay short if NQ rallies above Friday's highs (1787.75). See my note Saturday regarding NDX Jan 2006 high at 1761/1762 (NQ carries a 21 point premium).
Everyone closed above respective 10 DMA's, but it feels uninspired, although that can change very quickly.
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on Monday, March 12, 2007 at 3/12/2007 10:36:00 PM.
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