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Technical Analysis: Stocks Hit Headwinds

The Dow (first chart below) stalled again at the major resistance level of 11,040-11,050, but on the bright side, the index did find some support after turning lower. Support is 10,890, 10,840 and 10,800. The S&P (second chart) faces resistance at 1245, 1250, 1255, 1261 and 1265, and support is 1235-1237, 1230 and 1219-1220. The Nasdaq (third chart) faces resistance at 2130 and 2150-2155, and support is 2090-2100 and 2065. Long bond yields (fourth chart) showed some hesitancy today.