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Archive Archive

Technical Analysis: Techs Recover

Written By

Published: Feb 15, 2006

Updated: Jul 16, 2021

1 minute read

The Nasdaq (first chart below) recovered from yesterday’s close below its multi-year trendline at 2245, which remains critical support, with 2230-2232 the next level below. Resistance is 2267, 2280, 2290 and 2297-2300. The S&P (second chart) has support at 1270 and 1263, and resistance is 1282 and 1290. The Dow (third chart) continues to lead here, with its multi-year high just ahead at 11,070, and support at 11,000 and 10,960. On the other hand, long bonds (fourth chart) continue to provide zero support here.

Paul Shread

Paul Shread has covered nearly every aspect of enterprise technology in his 20+ years in IT journalism, including an award-winning series on software-defined data centers. He wrote a column on small business technology for Time.com, and covered financial markets for 10 years, from the dot-com boom and bust to the 2007-2009 financial crisis. He holds a market analyst certification.

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Technical Analysis: Techs Recover Lost Ground

The Nasdaq (first chart below) recovered some lost ground today, but still faces major resistance at 2097-2100. Support is 2060, 2050 and 2040-2042. The S&P (second chart) has support at 1191, 1185 and 1180, and resistance is 1205, 1208-1210 and 1218. The Dow (third chart) has support at 10,428-10,440 and 10,405, and 10,573-10,620 is major […]

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Jun 10, 2005

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Technical Analysis: Techs Break Down

The Nasdaq (first chart below) fell back below its multi-year trendline today, a defeat for the bulls. Resistance is now 2245, with 2260 above that, and support levels are 2230-2232, 2220 and 2200. The S&P (second chart) has support at 1255 and 1246-1250, and resistance is at 1269 and 1275. The Dow (third chart) has […]

Paul Shread

Feb 14, 2006

IT Management

Technical Analysis: Techs Break Out

A solid breakout for the Nasdaq (first chart below), which broke its six-week downtrend without looking back. The next resistance levels are 2314 and 2328-2333, and support is 2300, 2291 and 2286. The S&P (second chart) ran into its long-running resistance line at today’s high of 1297.57. Support is 1285-1288, 1282 and 1274-1275. The Dow […]

Paul Shread

Feb 28, 2006

IT Management

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 […]

Paul Shread

Apr 25, 2006

InternetNews is a source of industry news and intelligence for IT professionals from all branches of the technology world. InternetNews focuses on helping professionals grow their knowledge base and authority in their field with the top news and trends in Software, IT Management, Networking & Communications, and Small Business.

Technical Analysis: Techs Recover

Paul Shread

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