Thursday, October 11, 2007

Nasdaq Approaching Upper Channel Of Uptrend

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.After oscillating in a sideways range throughout most of the day, a positive reaction from the Fed policy minutes sparked a broad rally in the final ninety minutes of trading. This time, the S&P and Dow slightly outperformed the Nasdaq for a change. The Nasdaq Composite gained 0.6%, the S&P 500 0.8%, and the Dow Jones Industrial Average 0.9%. The small-cap Russell 2000 climbed 0.7% and the S&P Midcap 400 rallied 0.8%. Each of the major indices closed near their intraday high[...]

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[Source: The Money Blogs]

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