Three of the major indices have stalled at their 50-day moving averages (the Dow, the S&P 500 and the NYSE Composite), but the NASDAQ is leading the way -- pushed along by successes in the technology sector and, more recently, the financial sector.In a major market turn, it is common for technology stocks to lead, as in 2003. But the NASDAQ, too, is now at a critical resistance line -- the midpoint (1,600) of its overall range that began in October.
All four of the indices appear to be waiting for the catalyst that will either move stocks higher or bring in sellers for another test of the January lows.
Advanced Micro Devices rallies after settling Intel tiff
United Technologies fires up a deal with GE
Cramer on BloggingStocks: Not much time left for downside 
