- Close: 12207.17
- Change: +1.38%(Daily) +0.89%(Weekly)
- Volume turnover: 987M(Daily) 4557M(Weekly)
Market Breadth (NYSE)
- Net advance/decline: -480
- Net new highs/lows: -63
- Net up/down volume: -2,249,228,149
Technicals
- Undefined major trend, intermediate downtrend (accelerating), near term uptrend (slowing).
- Prior reaction low of 11634 could potentially act as future support. Potential levels of resistance are 12700(previously broken support and 50% retracement of the Dec2007 decline), and 13100(trendline resistance),
- The weekly chart ended with a reversal bar indicating the possibility of a bounce and a short term rally.
- Current price advances should be intially viewed as minor corrections within an intermediate downtrend.
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