Technical Analysis: Techs Hang On
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The Nasdaq (first chart below) hung onto some major support today, but the techs may challenge that 2234 level again tomorrow after Intel's weak guidance tonight. Resistance is 2250, 2260 and 2278. The Dow (second chart) has support at 10,720, 10,700 and 10,650, and resistance is 10,800-10,820, 10,900 and 10,950-11,000. The S&P (third chart) has important support at 1246-1250, and resistance is 1265 and 1273-1282. Bond yields (fourth chart) provided a little more support today.