The PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ:QQQ) is trading at $59.96, +0.47 (+0.79%). This happens to be a double top from July 2011 and multi year high. Generally, this would be considered resistance on the charts. In addition, one must find it very interesting to notice this level getting tagged prior to major earnings from tech companies.
Is There a Facebook Bubble? Reasons To Be Skeptical About Facebook's IPO
Many analysts, commentators, and pundits may be excited about a Facebook initial public offering (IPO) this year, but I must confess, I am not. Despite the prevailing trend, I believe traders, investors, and everyday individuals may want to think twice before jumping on a Facebook IPO bandwagon.
Will Motorola Spur a $12.5 Billion Loss for Google?
The Semiconductor Sector Is Still The One To Follow
These days the technology sector is predominantly dominated by Apple Inc (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), and Amazon.com Inc (NYSE:AMZN). When an investor wants to know if the tech stocks are trading higher they will usually just look at one of these market leaders; however, it is the semiconductor sector that is still the technology barometer.
Yahoo! Could Go to $100 Under Scott Thompson's Guidance
One analyst has a very interesting prediction for the future of Yahoo!.
Trip Chowdhry, Managing Director of Equity Research at Global Equities Research, believes that the company – which currently trades in the $16 range – could go to $100 under the guidance of its new chief executive, Scott Thompson.
Google Inc made New 52 Week High Price - NASDAQ:GOOG
Google Inc (NASDAQ:GOOG) (Google) is focused on improving the ways people connect with information. The Company generates revenue primarily by delivering online advertising. Google Inc achieved its new 52 week high price of $646.76 where it was opened at $642.02 UP 3.50 points or +0.54% by closing at $645.90.
The First Hour Is For The Day Traders
Active markets are always the best markets for trading. Anyone who has ever traded these markets for a considerable amount of time knows that the first hour to ninety minutes is the best part of the trading day. This is a time period when there is volume in the market and the key support and resistance levels are great for trading.