Will Last Week's Breakouts Hold?

Published 02/15/2015, 11:38 PM
NDX
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US500
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US2000
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SOX
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The NADAQ put further distance on its breakout as technical strength improved. Volume fell, perhaps the only sour note on Friday. However, continued strength in Tech indices will help maintain breakouts in other indices .

NASDAQ Composite Daily Chart


The S&P 500 did enough to punch a new high, although it remains vulnerable to a sell off.

SPX Daily Chart


The Russell 2000 also closed with a breakout on Friday; good news for a continuation of the broader rally.

RUT Daily Chart


Helping the NASDAQ and NASDAQ 100 breakouts is the new breakout in the Semiconductor Index.

SOX Daily Chart


For Tuesday, bulls have ticked all the boxes, so now it's a question of maintaining that momentum. Selling is the easy option, how much selling will determine if bears can regain control.

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