Nanotech Index

The "Official" nanotechnology index used in this blog, the Merrill Lynch Nanotechnology Index, had a quiet start this weak, with the typical low market volume.

The Market should be back to normal next week, but at least we are not seeing any major sell-offs and today we got into new highs on the S&P500.

The next target for the $NNZ should the 215 points highs from the last 4 weeks. It would be nice for the market to react but make a higher close and use it as a support level.

This Black Friday, the day after Thanksgiving, should finish a typically quiet week, ending into the most important retail sales season next Monday. The Nanotechnology sector should rise like the other sectors, pushed by the whole market momentum.