14:51 ET Nasdaq Composite : -- Technical -- Index falters at resistance (2215) with important leadership from QCOM (66.05 +1.30) beginning to weaken suggesting potential for further short term consolidation. Near term supports are at 2180, 2170 and 2155. Next supports for QCOM are at 64.8 and 63.7.
14:44 ET Fuel Cell Update : Bush a friend of alternative energy? At least for today, that appears to be the case. President Bush's plan to allot $4 bln for the purchase of energy-efficient vehicles continues to provide a charge to alternative energy stocks: PRTN (+22%), PLUG (+18%), HPOW (+17%), MKTY (+14%), CPST (+13%), MCEL (+11%)... As noted this morning, Ballard Power (BLDP 59.35 +10.12, +20%) is the key name in this space, with relationships with several of the top automakers to supply fuel cell technology for hybrid vehicles. |
