RealTime IT News

Technical Analysis: Stocks Remain Under Pressure

Stocks remain under pressure here, as last Friday's big red candlesticks continue to contain rally attempts. The Nasdaq (first chart below) faces some big resistance at 2275-2285. 2250-2255 is first support, and 2240 is major support. The S&P (second chart) has major support at 1246-1250. Resistance is 1271-1275 and 1280. The Dow (third chart) has support at 10,640, 10,600 and 10,545, and resistance is 10,760 and 10,800-10,840. A nasty move in treasuries (fourth chart) today; nothing positive about that.