NASDAQ-100 outlook for August 12, 2014

The technical picture has got much better since Friday. The index indeed rebounded from its 50-day MA. Waiting to see if there will be any serious follow through today before opening any longs. In any case the US indices look much better than their European counterparts.

NDX_20140811

Chart courtesy of StockCharts.com. http://stockcharts.com

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