NASDAQ market is in thoughts, Forex Yard analysts told.

Forex Yard brokerage firm occupies the 14th place at the third echelon of the Masterforex-V brokerage firms and dealing centres rating. The firm's analysts told that they think the NASDAQ market is in thoughts now as it stopped its bullish trend at an important point $ 112.00.
The analysts added that it is rather difficult to say whether the index will go up further as the fundamentals are uncertain. The QE2 program of the Fed ends in June 2011, and the bullish trend may finish that days as well.

The Market Tendencies dept.(MTD) analysts of the Masterforex-V academy of trading proposed thier view on the market.
According to them, Nasdaq Composite index reached its maximum (look at Monthly).

The weekly chart shows that the market is in flat $110-112, currently testing its resistance. Break up and consolidation above the mark will indicate on the bullish trend continuation with the suggested nearest resistance at 121-123$.

The Market leader report: Forex Yard brokerage firm was founded in 2005 and has two overseas offices and CySEC licence. The company is not popular among Russian traders because of lack of PR and advertising, Canadian expert Eugen Olkhovsky explains, and that is why the company is far from the top places in the rating.
Meanwhile, the company analyses are popular among the English speaking community of traders.