Wednesday, January 11, 2012 at 08:31PM | Asher Pinto
Indices close virtually unchanged. No big change in the technical picture. Bulls still have their noses in front.
S&P-500 Large Cap Index
SPX closed unchanged, after trading below the flat line for most of the day. No big changes, as far as the technicals are concerned. The upper Bollinger band is still rising, RSI is above resistance and MACD still has lots of room to maneuver. No trouble in sight for the bulls, as long they're able to keep the index above the resistance zone.
Dow Jones Industrial Average
INDU closed with a small loss (0.1%). Let's leave further analysis for tomorrow.
Nasdaq-100 Index
NDX gained 5pts (0.2%). All signs are that we'll see a retesting of the October/November highs very soon.
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« Market Update: Jan 11, '12 »
Indices close virtually unchanged. No big change in the technical picture. Bulls still have their noses in front.
S&P-500 Large Cap Index
SPX closed unchanged, after trading below the flat line for most of the day. No big changes, as far as the technicals are concerned. The upper Bollinger band is still rising, RSI is above resistance and MACD still has lots of room to maneuver. No trouble in sight for the bulls, as long they're able to keep the index above the resistance zone.
Dow Jones Industrial Average
INDU closed with a small loss (0.1%). Let's leave further analysis for tomorrow.
Nasdaq-100 Index
NDX gained 5pts (0.2%). All signs are that we'll see a retesting of the October/November highs very soon.
FREE Stock Picks
For the next several months, we will be providing FREE stock picks and options picks at our public listing at stockcharts.com. Please check out the same and also show us your support by voting for us (Click the "Vote Best Public Chart List" at the bottom right of page) - http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID2295600