The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) made a new 52 week high by $0.06 today. This minor high is also known as a classic double top. The technology index fell sharply off that level and is now trading near the lows of the day. The chart below shows the key support and resistance levels on an intra day basis. In addition, the chart shows the 20, 50 and 200 moving averages on a 10 minute time frame. Amazon.com, Inc. (NASDAQ:AMZN) reports earnings today after the market closes. This will have an impact on technology stockst tomorrow.
Gareth Soloway InTheMoneyStocks
Quibusdam numquam qui ea et consectetur et. Vel molestiae corporis voluptas quis doloribus esse.
Accusantium sint eum ut delectus dolorum natus. Aliquid qui voluptatibus perferendis ducimus nostrum.
Omnis quas ut eaque porro qui consequatur ut. Sunt fugit veritatis quos ut voluptate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...