Nasdaq near to reach the 2000 points !!!
Dear Visitors : Last week this blog was not updated due the fact that I was in vacations during 15 days, so as is usually I’ll update the blog on the last day of the week. Thanks.
Chart courtesy of stockchartsDowjones down near of 1% to 10,739.35., the Standard & Poor's 500 index dropped 0.49% to 1,236.20, the Nasdaq declined 0.82% to 2,037.35 a 14-month low.
According to the chart above Nasdaq perhaps will find support here after testing the October lows but the people are very nervous with the latest news from company profit warnings, taxes and the recent big problem of Middle East and damage to Nigerian pipelines.
The latest news from Macro economic news also don't help the stocks, retail sales slipped 0.1 percent after growing by the same amount the previous month, the University of Michigan said its consumer-sentiment index for July fell 1.9 points to 83. That compares with expectations for a slight rise to 85.5.
According to the chart above Nasdaq perhaps will find support here after testing the October lows but the people are very nervous with the latest news from company profit warnings, taxes and the recent big problem of Middle East and damage to Nigerian pipelines.
The latest news from Macro economic news also don't help the stocks, retail sales slipped 0.1 percent after growing by the same amount the previous month, the University of Michigan said its consumer-sentiment index for July fell 1.9 points to 83. That compares with expectations for a slight rise to 85.5.
Chart courtesy of stockchartsShares of Intevac (IVAC) on Tuesday rose more than 11% after the company said it received orders for 11 of its disk-sputtering systems. As a result of the orders, Intevac expects 2006 revenue to top expectations. IVAC on Friday coming back to test support at the previous breakout area.
Support : $22.05 Resistance : $23.00
Support : $22.05 Resistance : $23.00
Chart courtesy of stockchartsLevel 3 communications (LVLT) stock has been moving in a negatively inclined channel since May as show the chart above. The oscillators are moving to the downside. I believe, will continue to move down to test, in the short term, the $3,75 level exactly the actual value of the EMA200. LVLT hasn't broken the $4 support but it is looking like it will.
Chart courtesy of stockchartsShares of Intergraph (INGR) rose 13% on Wednesday 12th July after the software company boosted its second-quarter projections. The company announced that it expects financial results for the second quarter and full year to be higher than the previous guidance provided by management in April. Intergraph raised its revenue estimate to $151 million to $153 million from an earlier forecast of $145 million to $147 million.
Support: $32.80 Resistances : $36.05 and 38.10
That's All. Have a great weekend and a great business week.
AC
Support: $32.80 Resistances : $36.05 and 38.10
That's All. Have a great weekend and a great business week.
AC
