Technical Analysis: Dow Stalls Again

The Dow (first chart below) continues to stall near its yearly high of 10,868. Support is 10,800, 10,750 and 10,700. The Nasdaq (second chart) is winding up in a tight range here, with 2075 to the upside and 2057 to the downside looking like important short-term levels. Above 2075, 2087 and 2100-2112 come into play. Below 2057 and the index could be headed back to 2040. The S&P (third chart) has support at 1207, 1200 and 1190-1195, and resistance is 1212 and 1218. On the plus side, the put-call ratio was unusually high for an up day.

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