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The stock market closed an interesting week in mixed fashion. We still have major divergences in the market (the Nasdaq and the $SOX are underperforming the blue chips), so I will continue to focus the Naz for the very short-term trading. The Nasdaq managed to close above the week´s low, despite the negative news, and this was extremely important on the technical side. We could see some upside next week and a run to the year´s highs for the Nasdaq could be in place, but the road will be for sure not easy. I traded extremely light all week long and I will continue to do it until I will get clearer signals from the broad market.

Chart Courtesy Of: Swing Trading, Technical Analysis, Daily Stock Market Commentary.

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