NFLX, Nasdaq and the Overall Market

Site Administrator | October 25, 2011

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What a move this rally has been!  Yesterday in our daily video we focused on the importance of the 1256 area in the ES futures and this morning during the globex session we saw the ES test that level with a rally to 1254.50.  We have since seen this future back off a bit and are eyeing levels of 1230-33, 1222-20 and 1216 as the major areas of support.  We also take a look at the tech sector in the report and share why we feel the Nasdaq is a leading indicator to watch through the 4th quarter.

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