NASDAQ Still Leading

03/18/2009 9:04 am EST

Focus: ETFS

Thomas Aspray

, Professional Trader & Analyst

chart

The QQQQ held above the November lows—unlike the Dow and the S&P 500—and on a closing basis, is up 14% from the lows. The close Tuesday was above the 50-day MA. Next resistance is in the $31-$32 area, which, if overcome, could signal a test of the 200-day MA in the $36.60 area.

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