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RealTime IT News

Technical Analysis: Techs Power Higher

An impressive turnaround today, especially so given Dell's revenue warning. The Nasdaq (first chart below) regained broken support and then some, and could be poised for another run at 2100-2106 resistance if it can take out its downtrend line at 2080. Support is 2060-2065, and 2040 is now critical support. The S&P (second chart) had a nice little breakout today. The next resistance levels are 1210 and 1218, and support is 1200 and 1192-1196. The Dow (third chart) has a nice uptrend going. Support is 10,750 and 10,720, and resistance is 10,868.