NASDAQ 100 3-12-2010

March 12th, 2010 by admin Leave a reply »

Today: The Nasd futures have been the leader on this movement up again, and
that should continue to be the theme going forward, however in the over night it is
the S&P that has the lead, possibly implying that we post a new high in the
session, but do settle back a bit before the close. The Nasd has a very tight
range at the moment, especially for being in fresh new high territory, which once
again may be implying that it is Friday, and to not expect a tremendous amount of
fireworks. The high thus far this morning is 1925.25, but I am expecting a
pullback toward 1921.50 for the open. Under 1921.50 and we could back off a bit
and print 1919.00, or if below there the target will become 1913.50.

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