Technical Analysis: Inside Day
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Another down day for the Nasdaq (first chart below) today, but today's "inside day" within yesterday's trading range shows some hesitation on the part of sellers. 2245 to the upside and 2220 to the downside could dictate the index's next move. The Dow (second chart) has support at 11,330, 11,270 and 11,200, and resistance is 11,460, 11,500 and 11,550. The S&P (third chart) has support at 1282-1284 and 1268-1275, and resistance is 1300-1303. Long bond yields (fourth chart) gave investors another break again today. Will tomorrow's CPI number continue the trend?