The good earning report pushed it to break out this triangle, but the doji and long red candles didn’t look good for the bulls. If it moves below the trend line, it may be a short. Going long from this point does not provide a good risk/reward opportunity as the overhead resistence is very close at 73.27.
QQQQ
The SMA 20 is the overhead cloud QQQQ needs to clear through.
Scientists solve unpopped popcorn
To pop or not to pop lies in the hull – intertesting research! Details here at cnn.com.
Acer AL1715SMD 17″ LCD Monitor
I ordered an Acer AL1715SMD 17″ LCD Monitor. According to this review, it supports DVI (Digital Video Interface). For $218 plus free shipping, it’s a good deal.
Specifications for ACER AL1715 SMD 17 inch LCD Display Size: 17". Pixel Pitch: 0.264mm. Maximum Resolution: 1280 x 1024. Brightness: 300 cd/m2. Contrast Ratio: 500:1. Viewing Angle: 150o(H), 135o(V). Integrated Speakers: 2 x 1 Watt Speakers. Response Time: 12ms. Input Signal: 15-Pin D-sub, DVI-D. Power consumption: 44W. Dimensions (WxHxD): 14.8" x 15.5" x 6.3". Weight: 11 lbs. Kensington Lock: Supported.
YHOO, GOOG, MSFT, QQQQ and INDU
YHOO broke out solid this time fueled by good earning report.
GOOG will be retesting the previous high tomorrow.
After a pullback, MSFT resumed upward movement from its recent breakout.
Overall, the tech-heavy QQQQ still has a lot of work ahead.
INDU faces the resistence around 10388.