RealTime IT News

Technical Analysis: Techs Hang On

The Nasdaq (first chart below) barely held onto 2328-2333 support today. Below 2325, 2315, 2310 and 2300 are potential support levels. 2350-2354 and 2375 are resistance. The Dow (second chart) faces major resistance at 11,350-11,426, and support is 11,300, 11,280, 11,250 and 11,200. The S&P (third chart) has support at 1303-1305 and 1300, and resistance is 1316, 1318 and 1320. Long bond yields (fourth chart) are locked in a range between 4.95% and 5.05%.