The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) made a new 52 week high by $0.06 today. This minor high is also known as a classic double top. The technology index fell sharply off that level and is now trading near the lows of the day. The chart below shows the key support and resistance levels on an intra day basis. In addition, the chart shows the 20, 50 and 200 moving averages on a 10 minute time frame. Amazon.com, Inc. (NASDAQ:AMZN) reports earnings today after the market closes. This will have an impact on technology stockst tomorrow.
Gareth Soloway
InTheMoneyStocks.com
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