Today: The Nasd futures posted a low Friday at 1710.75, but that was well off
the long term support area which resides down around 1644 levels. The Nasd
seems to have a more positive outlook, and would appear to be more inclined to
not trade down to the lows of Friday again, and instead, as long as above
1731.50, will try to work itself higher. The index is obviously in sellstalk mode,
however the shut-off, which would then place the daily resistance line of 1783.50
as our target, is not all that far away. (estimated @ 1746.50 area). So we may
see a session today where the Nasd will be the clear leader to the upside.

• Previous Entry: Gold 2-8-2010
• Next Entry: S&P 500 2-8-2010