The lower open in the Dow today was the BA affect. The other indexes opened positive and traded positive. Positive trading would have brought the indexes up to the expected T-line resistance level but as can be seen, the S&P 500 and the NASDAQ do not seem to be resisting at that level. It will be important to see if the indexes close near the high end of the range today, confirming the buying that started after the open on Friday.
March 11th Daily Market Comments
The lower open in the Dow today was the BA affect. The other indexes opened positive and traded positive. Positive trading would have brought the indexes up to the expected T-line resistance level but as can be seen, the S&P 500 and the NASDAQ do not seem to be resisting at that level. It will be important to see if the indexes close near the high end of the range today, confirming the buying that started after the open on Friday.