2nd Quarter Ending – NASDAQ Rally Coming To An End

June 30th, 2009

We’ve made it through another quarter in the market. To be honest, I can’t wait for this quarter to be over as it’s been nothing but boring. From start to finish stocks have traded completely sideways. Let’s hope that the summer month kick off some changes in the market. I decided to change things up today and put up a chart of the NASDAQ which I think is VERY close to turning sharply downward. Notice the huge open space until we reach 1,810 to the down side. But if we rally today, look for the NASDAQ to hit resistance 1,855. Should be an incredibly interesting day as people shift and transfer money around!

 

compq

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