TECHNICALS-QQQQ

The recent news out of the tech sector has not been that encouraging and it has put a bit of a damper on the NDX/QQQQ. AMD MOT and INTC (CAP EX) have all put pressure on the NAZ causing it to be the underperformer lately. However, pullbacks to the 2 day RSI area of 15 or so has been a good place to buy. In addition, dips back to the 13 day SMA have also been good spots so we may on the verge of two entry signals on the NDX.