Nasdaq Acting Better

02/04/2009 9:23 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst


Though the technical picture for both the S&P and Dow has deteriorated over the past week, the Nasdaq has been acting better. The daily chart of the QQQQ shows that the downtrend is now being tested. A daily close above $31.60-$32.00 would be a positive sign. The 200-day MA is now in the $39 area, with support at $28.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on ETFS

Keyword Image
Safe Money's Defensive Moves
12/05/2018 5:00 am EST

This stock market is flailing around like a fish out of water, with whipsaws increasing every week, ...