Sitting at Resistance
11th April 2010
It is almost like the stock market read my post from last week as stock indexes are sitting right at the resistance levels I wrote about. To reiterate, those levels are 11,000 for the DJIA, 1200 for the SP 500, and 200 for the MNX. There will be a lot of news this week that can move the market off of these levels including 1st Quarter earnings, options expiration, and financial issues around the world. I am not going to predict which way the market is going to go, but I will be watching closely to see if caution prevails or if bulls continue their assault on the rebound from the financial crisis.
JD
