Obviously the latest development in the mideast has caused some concerns on the market. Along with other major indices, Dow Jones Industrial lost ground and it looks likely that it will retest previous low again.
Consider it a potential buying opportunity.
Dow Jones Industrail Average lost its momentum and dropped more than 200 points in two days. The supports are shown in the chart. Breach at 11,200 will indicate a trend reversal.
Although YHOO has lost ground due to revenue short fall, GOOG looks good. 350 appears to be within reach.
The connectivity to this site was lost on May 27 and restored today. The ISP’s service is really bad. They sent many crews trying to fix the problem, but none was responsible for making sure the probelm was fixed. I ended up managing it for them! I called their support center to make sure each work order was completed and new work order was created until the problem was finally resolved. One significant factor for such long delay is that they create a new ticket whenever a call to the support center is made, therefore, it’s subject to waiting in the queues.
INDU lost more than 100 points today, but it remained above SMA 20. Let’s see if this support can hold tomorrow.