Friday, August 1, 2008

Software Sector Weekly Index

The Software Sector weekly index is still looking ugly, but unlike it's Internet Sector cousin, the Software Index held the 200MA this week.

If this index can get a 200MA bounce it would help the NDX to hold up. We'll have to see what next weeks candle looks like. This week was just a lot of sideways consolidation.

Software Sector Index:

No comments: