RealTime IT News

Technical Analysis: Stocks Stay Stuck

The indexes remain mired in a downtrend here, with the Nasdaq (first chart below) the weakest index of late, struggling to stay above its late August low. The techs have support at 2112, 2100-2106, 2093 and 2078, and resistance is 2129-2133 and 2140-2143. The Dow (second chart) has support at 10,435, 10,400, 10,365, 10,349-10,351 and 10,332, and resistance is 10,500-10,520, 10,540, 10,560 and 10,580. The S&P (third chart) has support at 1205, 1199-1201 and 1192, and resistance is 1225-1227 and 1230-1231.