A Daily Swing Trade

QQQQ: Negative earnings from companies such as Advanced Micro Devices and SanDisk caused some traders to believe that a test of the trendline would be likely, but positive results from Apple Computer, eBay and Google helped counterbalance the results and keep the bears from pushing the index lower. It will be interesting to see how the earnings ahead will affect the QQQQ and we'll continue to watch the ascending trendline to see if it will affect the index's short-term direction...