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.

Some Stocks That I'm Looking At: VCLK, NYX, ATI, FXC, EQIX

VCLK had a good day on Thursday last week and it looked like it could make a run to break out. But, on Friday, it pretty much gave back the gains.
The BBs are closing in, and Friday's volume made it look like someone is trying to keep it within the BBs a little longer. At this point, it'll have to go above about 27.5-28 to go anywhere.

The metals sector are still strong. Last week, it looks like "they" are determined to drive this sector even higher. The big names are taking turns to have big "green" days. ATI had a bit of "rest" on Friday. It is in a position to break out for a new high next week! It's upper BB is within reach. Its 20-day MA is almost above the 30-day MA. And, the MACD is going up nicely.

NYX hasn't been doing much for a while. The drama between CME/ICE/BOT have created some uncertainties and choppiness in this sector. But, it might be ready for a move. If NYX breaks 90, it would probably have caught the upper BB and just ride it higher. Its 10-day MA just crossed above the 20-day MA; and, the 20-day MA is flattening.

Cramer is pumping this stock up. And, Friday's volume makes it a little hard to ignore!Friday's volume is about 5 times the average volume. 5 times!! Although it opened lower, it came back into the green and closed above the 61.9 resistance. It might just make a good jump and catch the upper BB for a breakout run!

EQIX has been running all week. It finally took a small rest on Friday, and, it still closed green!
It has caught the upper BB and may very well be ready to make a breakout next week!