Technical Analysis: Finally, A Winning Streak
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Finally, the first winning streak of the new year. The S&P (first chart below) broke out of a two-week trading range on strength in financial stocks. Resistance is 1200, 1205, 1210-1212 and 1218, and 1189 should now be support. The Nasdaq (second chart) has resistance at 2114 and 2120, and support is 2095-2100 and 2080. The Dow (third chart) has resistance at 10,684-10,710, and support is 10,600 and 10,500.