S&P 500 Snaps Five-Week Win Streak

The Dow closed higher after a test of 13,000

by 3/23/2012 4:31:53 PM
Stocks quoted in this article:
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Crude-oil futures reversed yesterday's pullback, as a weakening dollar and news of a decrease in Iranian oil exports buoyed the commodity. May-dated crude settled up $1.52, or 1.4%, at $106.87 per barrel. However, black gold suffered a 0.2% loss for the week. Gold futures rallied, as well, climbing higher as tensions in Iran incited demand for the lower-risk, "safe haven" precious metal. As the greenback faltered, gold for April delivery jumped $19.90, or 1.2%, to close at $1,662.40 an ounce -- its highest settlement of the past five days. For the week, gold added 0.4%.

Levels to Watch in Trading:

  • Dow Jones Industrial Average (DJIA 13,080.73) - support at 11,500; resistance at 14,000
  • S&P 500 Index (SPX 1,397.11) - support at 1,100; resistance at 1,500
  • Nasdaq Composite (COMP 3,067.92) - support at 2,400; resistance at 3,400



OUTPERFORMING AND UNDERPERFORMING SECTORS

STOCKS  MOVERS

STOCKS  EARNINGS

STOCKS  NOTABLE CALL ACTIVITY

STOCKS  NOTABLE PUT ACTIVITY

STOCKS  NEW ANNUAL HIGHS

STOCKS  NEW ANNUAL LOWS

SCHAEFFER'S MARKET POSTURE


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