DJIA drop below 10,500 Critical Support
The Dow Jones Industrial Average (DJIA – 10,444.37) recovered from its intraday nadir near 10,325, but still wrapped up the day on a drop of 66.58 points, or 0.63%. Seventeen of the Dow's 30 components closed lower, led by industrial issues Caterpillar and Boeing. Meanwhile, financial firms Bank of America and JPMorgan Chase paced the 13 advancing equities. The Dow continues to hold support at its 180-day moving average, as well as the 10,400 region.
The S&P 500 Index (SPX – 1,115.05) also rebounded from its session low at 1,100, but still swallowed a loss of 5.75 points, or 0.51%. The SPX has found a foothold this week above its 40-week moving average, which hasn't been breached in nearly a year. Finally, the Nasdaq Composite (COMP – 2,298.37) gave up 18.89 points, or 0.82%, and notched a daily close below 2,300 for only the second time since March 5. However, the tech-heavy COMP is still holding above key support at its 32-week moving average.
When ZL display this foto in ZLBT, many chatters laughed
Wonder how many are still laughing now?
Many Asian Indexes have broke Supports like a hot knife cutting butter, no thanks to the Greeks & the Euro.
Many Asian Indexes have broke Supports like a hot knife cutting butter, no thanks to the Greeks & the Euro.
The FBM KLCI have violated the Middle Bollinger Band & continue it's freefall from the Flying Wedge.
The Dow is heaveing and wheezing to stay above the 10700 & 10500 critical Support zone which is set to bust any day soon, maybe by this morning before you start readng this.
The Dow Jones Industrial Average (DJIA – 10,444.37) recovered from its intraday nadir near 10,325, but still wrapped up the day on a drop of 66.58 points, or 0.63%. Seventeen of the Dow's 30 components closed lower, led by industrial issues Caterpillar and Boeing. Meanwhile, financial firms Bank of America and JPMorgan Chase paced the 13 advancing equities. The Dow continues to hold support at its 180-day moving average, as well as the 10,400 region.
The S&P 500 Index (SPX – 1,115.05) also rebounded from its session low at 1,100, but still swallowed a loss of 5.75 points, or 0.51%. The SPX has found a foothold this week above its 40-week moving average, which hasn't been breached in nearly a year. Finally, the Nasdaq Composite (COMP – 2,298.37) gave up 18.89 points, or 0.82%, and notched a daily close below 2,300 for only the second time since March 5. However, the tech-heavy COMP is still holding above key support at its 32-week moving average.
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