Despite the fact that today was a holiday in the US, the developments in the Middle East and the US itself do have an impact on the stocks including the tech stocks. Our signal system gives a neutral / long signal with a Score of +7 consisting of Cot Data 0, Retail sentiment -2, Seasonality 2, Trend reading 1, GDP 1, Manufacturing PMI 1, Services PMI 1, Retail Sales -1, Inflation 1, Employment change 1, Unemployment Rate 1, Interest Rates 1. We expect the Nas to come back to where it has been in the past year. We have set up a buy range from 21500.
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