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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (10613)	8/13/2001 12:29:44 PM
From: keithcray	Respond to of 208838

12:02 ET Sector Watch: Biotech : -- Technical -- Group putting in a strong performance relative to the Nasdaq -- BTK is higher by 1.9% on the day and trading towards its best levels of the session. Index looks well positioned for another leg higher on the near to intermediate term indicators. Currently trading at 504, look for near-term resistance in the area of 511-513 which brackets its 10-day simple moving average and a 38% retracement of the recent sell wave. On a break over that area, watch for subsequent resistance in an area of congestion at 525. To the downside, the BTK should have near-term support in the area of 492.

To: SusieQ1065 who wrote (10613)	8/13/2001 12:31:21 PM
From: SusieQ1065	Respond to of 208838

12:27 ET NVIDIA Corp (NVDA) 86.02 +1.38: -- Update -- Technical -- Heavily shorted NVDA reports earnings tomorrow after the close. It's acting well today ahead of the report spending all session comfortably in positive territory. It's also turning solid volume on the session relative to the anemic total volume on the broader markets. Faces very near-term resistance in the area of 87.20 which represents a 50% retracement of its relatively shallow sell wave. On a break higher, the chart would target 90 as an area of secondary resistance.