To The Moon

Nasdaq (-1.22%) is still playing in the recently created area and under all the main averages. Hard to trade in this choppy market. Watching the SMA50 and recent lows first for confirmation first. Note that a price below ~13200 area might suggest a strong move to the downside as there is no real support until the February lows.SP-500 (-0.06%) was flat yesterday and succeeded to stay above both SMA50 and EMA21. A move above 4500 (SMA200) may lead to an advance to recent highs (~4600 area). Also, watch the 4370 level as well if the market is weak.In the newsIBM stock has its best day in two years as analysts raise estimates.Netflix hypes gaming strategy as subscribers sag.Amazon opens up Prime delivery service to other retailers in its latest move to compete with FedEx and UPS.U.S. Trea

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