- Technical Market Commentary -

January 7, 2011 (FinancialWire) (By Frank Kollar) (Go to http://www.financialwire.net/?s=cmmtry for all recent commentaries.) — Shares of Dell, Inc. (DELL – NASDAQ) rallied on Thursday after the company announced a new version of its “Streak” tablets. The 7-inch, 4G capable device will run Google, Inc.'s (GOOG – NASDAQ) “Android” operating system. On the day, Dell climbed 2.8%, closing with a gain of $0.39.

The rally pushed share prices above the resistance level of about $13.85 that has held prices in-check since early November, and this rally could easily reach the prior rally closing highs of $14.69 per share that were attained in October.

Dell was at $17.50 per share back in April, 2010, but took a substantial loss from May to August. Should Dell manage to make a decisive close above $15.00 in coming weeks, we could see a new test of that old $17.50 high.

The FirstAlert(tm) “Money Index” is an indicator of the depth of market direction or indirection. While not always including the same stocks, the combined NYSE, AMEX and NASDAQ 25 most actives and combined NYSE, AMEX and NASDAQ greatest percentage losers and greatest percentage winners (weighted against pure monetary loss/gain) indicate the direction in which the mass of money is flowing, as well as the general focus of the market. Go to http://www.financialwire.net/?s=frstlrtmnydx for today’s NYSE-AMEX-NASDAQ summaries.

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Exchange Links: Dell, Inc. (DELL – NASDAQ) / Google, Inc. (GOOG – NASDAQ)

(Go to http://www.financialwire.net/2010/05/01/about-kollar/ for more about Mr. Kollar, and go to http://www.financialwire.net/?s=kllrfby for more of Kollar’s commentaries.)

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