RealTime IT News

Technical Analysis: A Good Start

A nice start from the bulls today, but stocks still need some support in the form of lower bond yields (first chart below). The Nasdaq (second chart) faces its first big test at 2069-2074, and first support is 2050-2055. The S&P (third chart) faces resistance at 1192 and 1199-1201, and first support is 1180-1182. The Dow (fourth chart) has support at 10,240, and resistance is 10,310, 10,350 and 10,400.