NASDAQ Leading but Volume Low

04/28/2009 11:57 am EST


Thomas Aspray

, Professional Trader & Analyst


Though the NASDAQ has been one of the strongest averages since the March lows, the volume so far in the QQQQ has not been impressive. The OBV has just barely moved above its previous peak and is not yet showing great strength. The 38% resistance is at $35 with good support at $31.

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