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QQQQ Needs to Break Resistance at 44 for 2-Day Market Rally to Have Legs

|Includes:CSCO, OIH, PowerShares QQQ Trust ETF (QQQ), XLB, XLI, XME

QQQQ needs to break resistance at 44 for 2-day snapback rally to have legs.  QQQQ is lagging market, market can only go so far with XME, XLI, XLB, OIH type cyclical stocks leading, without other sectors joining in.  All eyes on CSCO report today.

Left click on chart to enlarge.



Stocks: QQQ, XME, XLI, XLB, OIH, CSCO