SOX closed right above 50 day moving average, but it is looking mighty precarious. I still think we could have a bullish resolution this month, especially with all those QQQQ puts sitting at 41 and 42, but we could get one more swing low should the semis not hold up. Keep an eye on SOX 513 and below that, trendline support at 507/508.
This entry was posted
on Tuesday, May 02, 2006 at 5:01 PM.
