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SMH (semis) makes a higher high and a higher low for the first time in eight trading days. Resistance is 29.67, 20 ema 60 mn chart, followed by 30.09. As long as bonds don't start a bid, there is a chance that gains hold. The problem today will come from HGX (housing) and BIX (banking). The usual suspects.
NQ weekly pivot is at 2029.75.
SMH (semis) makes a higher high and a higher low for the first time in eight trading days. Resistance is 29.67, 20 ema 60 mn chart, followed by 30.09. As long as bonds don't start a bid, there is a chance that gains hold. The problem today will come from HGX (housing) and BIX (banking). The usual suspects.
NQ weekly pivot is at 2029.75.
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on Tuesday, January 08, 2008 at 1/08/2008 10:55:00 AM.
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1/8/08 11:57 AMVolitility indexes are down but so are the major indexes.
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