Technical Analysis: Back At Support
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Note: The Technical Analysis column will return on Monday, April 17.
The Nasdaq (first chart below) is back at the critical 2328-2333 support level. If that goes, 2300 and 2240 are the next major support levels. Resistance is 2350 and 2370-2375. Important support levels on the Dow (second chart) are 11,000, 11,070 and 11,025 or so, and resistance is 11,260 and 11,350-11,426. The S&P (third chart) faces major resistance at 1310-1316, and support is 1292, 1287 and 1275. Stocks clearly have an issue with 5% long bond yields (fourth chart).