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December 22, 2008 HotStix Free Weekly In This Issue: I. Market Commentary II. Charts ---- QQQQ (Nasdaq 100) This is the Hot Stix weekly. To get our daily analysis and all of our profitable stocks picks, click here to subscribe.
I. Market Commentary
The weekly cycle will shift to... NEUTRAL on a weekly close on Friday under the 5- week modified MA at 30.46.
POSITIVE on a weekly close on Friday above the 5- week modifief MA at 30.46.
The 21- week SMA at 36.00 provides resistance on given a positive weekly close.
Weekly support is 27.00 with my weekly pivots at 29.87 and the 5- week modified MA at 30.46.
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