Technical Analysis: A Pause Ahead of Big News

Published by: mike 2008-11-20

FOXNews.com - Stocks Fall on Inflation Fears - World Market Analysis ::
the Fed last week said it may pause its series of interest rate hikes if China raises tax on big cars to cut pollution
http://www.foxnews.com/story/0,2933,195661,00.htmlHOME

Forex - U.S. dollar steady ahead of jobs data::
that the Fed did signal a pause in rate cuts, Wall Street has Technical Analysis Reports. Technical Market View. Forecasts. Trading Strategy. Signals
http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=dbdc71-4c5e-9844-dee34b84bed4HOME

A pause before big news from Cisco and the Fed the next two days. The Dow (first chart below) faces major resistance at 11,722-11,750, the index's all-time closing and intraday highs. Support is 11,490-11,500 and 11,426. The NYSE advance-decline (second chart) also paused today; can it get the small boost it needs for a new high from the Fed? The Nasdaq (third chart) has support at 2328-2333, and resistance at 2350-2354, 2362 and 2375-2380. The S&P (fourth chart) faces a band of resistance from 1325-1350, and 1323 and 1316-1318 are support. Long bond yields (fifth chart) are trying to hang here. Today's "inside day" is a hint that rates could turn higher in the short-term.

Weekly Review and Outlook - EUR/USDs Reversal to be Further Tested by ::
their dollar short positions ahead of a defining week for Technical Analysis Reports. Technical Market View. Forecasts. Trading Strategy. Signals
http://www.fxstreet.com/technical/analysis-reports/daily-forex-teal-report/2008-04-27.htmlHOME

Technical Analysis: Dow Nears All-Time High
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