Showed healthy gains
QQQQ posted a solid gain Thursday amid positive economic news. Dell beat estimates and jumped after-hours. We expect more upside today.Current (0:15 am ET) NASDAQ Futures: +2.00 2025.00
Erased intra-day losses and finished higher
Dell is scheduled to report first-quarter earnings of 34 cents a share. The major computer hardware makers advanced. MSFT declined nearly 1%. The tech sector needs a catalyst to move higher.Current (1:30 am ET) NASDAQ Futures: -1.00 2004.00
Jumped on economic news and strength in AAPL
QQQQ resumed its uptrend. Apple (AAPL) led the tech sector.Current (0:10 am ET) NASDAQ Futures: -2.50 1990.50
Formed a cycle bottom at 200MA
Apple (AAPL) struggled to resume its uptrend after news from RIMM. Dell climbed 2.7% after upgrades. Other big tech names looked weak. Asian tech stock are currently in a brighter mood.Current (8:10 am ET) QQQQ pre-market price: 48.20 0.00 0.00%
Found support at the 200MA
QQQQ spent most of its time in positive ground. AAPL found support as well. The tech sector needs a catalyst to move higher.Current (8:40 am ET) QQQQ pre-market price: 48.19 -0.16 -0.33%
