Today was weak from the start, part on earnings but mostly on the trend and partly in reaction to last night's State of the Union. Bernanke's confirmation looking to be reconfirmed helped markets late in the day, as did some bargain buyers. The end of day results were much less-bad than intra-day trading lows. This may have been one more day that the bears and profit takers looked more right than wrong. Today's close on the S&P and intra-day lows on the S&P are bringing up some serious support levels that had been prior resistance levels at that 1,085 level. Here were today's closing bell levels:
Dow 10,120.46 -115.70 (-1.13%)
S&P 500 1,084.52 -12.98 (-1.18%)
Nasdaq 2,179.00 -42.41 (-1.91%)
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Today was potentially a fairly quiet trading day when you consider how volatile the day could have been. We had Tim Geithner and Hank Paulson both getting grilled over American International Group, Inc. (
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