Nasdaq 8-3-2010

August 3rd, 2010 by admin Leave a reply »

Today: The Nasd futures do not have the same bullish look like the S&P does,
where the Nasd you have to look at as though it just cleared the previous high of
1900.75, putting in a 1901.75, however was unable to hold, and is this morning
back under that level. A pullback now could be in the works, and the fact that the
cash market has left a gap below from 1879.77 down to 1874.64, makes you
wonder if the index feels the need to fill that gap. There is support in front of that
gap though at 1889.50 to 1886.00 and it is going to take some effort to get below
there, and stay below 1886.00 through the morning session.

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