PRICE AND TURNOVER
Close 12,402.85
Change -100.97 (0.81%)
Volume 725.2M
MARKET BREADTH NYSE
Net Advancing Issues -703
Net New High -12
Net Up Volume -964,106,810
TRENDS
*PRIMARY UPTREND | Corrective wave | Prior support 11634 | Prior resistance 14030
*INTERMEDIATE DOWNTREND | Directional wave | Support 11634 | Resistance 13136
*SHORT TERM PROVISIONAL DOWNTREND | Directional wave | Support 12442 - broken today | Resistance 12726
TECHNICAL SIGNALS
May-29 Index marks a lower high. | Today Dow breaks recent 12442 support.
OUTLOOK
The recent short term uptrend has now ended with the emergence of a failure swing reversal that began to unfold on May-19.Today's break of recent support virtually guarantees a lower low. View this with the lower high made on May-29 and it constitutes a "provisional" short term downtrend. (Dow Theory Tenet # 6: A trend is assumed to be in effect until it gives definite signals that it has reversed.)
STOCK MARKET, ECONOMY & OTHER HEADLINES
AP|Stocks slide on more concerns about financials|Tue June 3, 5:42 pm ET
Close 12,402.85
Change -100.97 (0.81%)
Volume 725.2M
MARKET BREADTH NYSE
Net Advancing Issues -703
Net New High -12
Net Up Volume -964,106,810
TRENDS
*PRIMARY UPTREND | Corrective wave | Prior support 11634 | Prior resistance 14030
*INTERMEDIATE DOWNTREND | Directional wave | Support 11634 | Resistance 13136
*SHORT TERM PROVISIONAL DOWNTREND | Directional wave | Support 12442 - broken today | Resistance 12726
TECHNICAL SIGNALS
May-29 Index marks a lower high. | Today Dow breaks recent 12442 support.
OUTLOOK
The recent short term uptrend has now ended with the emergence of a failure swing reversal that began to unfold on May-19.Today's break of recent support virtually guarantees a lower low. View this with the lower high made on May-29 and it constitutes a "provisional" short term downtrend. (Dow Theory Tenet # 6: A trend is assumed to be in effect until it gives definite signals that it has reversed.)
STOCK MARKET, ECONOMY & OTHER HEADLINES
AP|Stocks slide on more concerns about financials|Tue June 3, 5:42 pm ET
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