FSLR MSTR Nasdaq Composite 062407

I was scanning some charts this weekend, and found the relative strength in FSLR - First Solar, Inc. impressive. The volume sure came in Friday.

MSTR - MicroStrategy Inc. has had a chance to break down, but has held. Watching for strength.

Support on the Nasdaq sits around 2564, which corresponds with it’s trend line, and 50 dma. Failure to hold the June 2534 lows could spell trouble for the market. According to Cooper, July may be an important inflection area.