Today, the index tests the prior resistance of the short term trend. A near term break means the uptrend remains healthy. A retreat from this level would mean weakening and could lead to a minor congestion such as an ascending triangle or a box pattern.
TRENDS
* PRIMARY UPTREND | Interrupted by a consolidation | Prior support 11634 | Prior resistance 14030 |
* INTERMEDIATE DOWNTREND | Corrective wave | Prior support 11634 | Prior resistance 13780 | Broken trendline
* SHORT TERM UPTREND | Directional wave | Prior support 12715 | Prior resistance 13132 |
PRICE AND TURNOVER
* Close: 13,028.16 * Change: +41.36 (0.32%) * Volume: 632.0M
MARKET BREADTH
* Net Advancing Issues: -182 * Net New Highs: +106 * Net Up Volume: +70,319,687
STOCK MARKET, ECONOMY & OTHER HEADLINES
AP | Stocks finish mixed following tech pullback | Monday May 19, 5:40 pm ET
Reuters | Economy Is Weak, But No Recession, Indicators Show | 19 May 2008 | 10:06 AM ET
AP | Pump prices rise to new high as oil extends gains | Monday May 19, 5:14 pm ET
Reuters | Will Fed Have to Raise Interest Rates Soon? | 19 May 2008 | 02:54 PM ET
TRENDS
* PRIMARY UPTREND | Interrupted by a consolidation | Prior support 11634 | Prior resistance 14030 |
* INTERMEDIATE DOWNTREND | Corrective wave | Prior support 11634 | Prior resistance 13780 | Broken trendline
* SHORT TERM UPTREND | Directional wave | Prior support 12715 | Prior resistance 13132 |
PRICE AND TURNOVER
* Close: 13,028.16 * Change: +41.36 (0.32%) * Volume: 632.0M
MARKET BREADTH
* Net Advancing Issues: -182 * Net New Highs: +106 * Net Up Volume: +70,319,687
STOCK MARKET, ECONOMY & OTHER HEADLINES
AP | Stocks finish mixed following tech pullback | Monday May 19, 5:40 pm ET
Reuters | Economy Is Weak, But No Recession, Indicators Show | 19 May 2008 | 10:06 AM ET
AP | Pump prices rise to new high as oil extends gains | Monday May 19, 5:14 pm ET
Reuters | Will Fed Have to Raise Interest Rates Soon? | 19 May 2008 | 02:54 PM ET
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