After Market Report - 12 - 22 - 2004

الشعثاني

عضو مميز
التسجيل
20 مارس 2003
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2,302
الإقامة
** بلاد الورد **


After Market Report



The market was slightly mixed today as the blue chips did in fact follow through but the Nasdaq found itself stuck behind resistance. Recall Tuesday’s report where we mentioned two barriers for the Nasdaq to overcome before it could trade higher

The first was resolved when the semiconductors held support and were boosted by a sector upgrade

The second issue still lingers however. Resistance at 2160 is holding back the index

We suspect this issue will be resolved in our favor as the indices find parity over the next week

 
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