4/17/07 Review: Nasdaq, NYX, SP 500, DOW, INTC, IBM

Wow, that was another "exciting" day, huh?! Ok, it's healthy to rest a bit after days of continuous excitement. The markets were pretty much flat today. A little consolidation was perhaps what the markets needed to continue this rally. SP 500 stayed above its Feb. high. The DOW made a small gain of 52.58, while Nasdaq gave up just 1.38.

Nasdaq daily chart:
Nasdaq closed right above its daily upper BB. MAs are still going up nicely, and so is the MACD.

Nasdaq intraday chart:
Perhaps the intraday chart shows a more meaningful picture. The "little rest" today allowed Nasdaq to let off some steam in the MFI, while not losing any altitude. Now, it has more room to continue to up-trend. Perhaps we'll see it continue to climb its upper BB!

One interesting stock today was NYX. It gained 2.95 to close at 96.15, above the range that it had been trapped in for a week. It had a nice buying volume and looks like it might try testing 100, again, soon!

Both INTC and IBM reported solid earnings AH. So, let's see if the markets will continue to push upwards.