Technical Analysis: Stocks Hold Up
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The indexes may not be making much headway as of late, but they're not going down much either, with support levels holding nicely. The Nasdaq (first chart below) faces resistance at 2357-2365, and support is 2328-2333. The Nasdaq 100 (second chart) continues to make a dent in 1717-1720 resistance. The Dow (third chart) is still struggling at 11,230-11,250 resistance. Support is 11,100 and 11,000-11,050. The S&P (fourth chart) faces resistance at 1310 and 1316, while 1295 looks like solid support. Long bond yields (fifth chart) continue to hold up too, however. Something's got to give.