Markets at Pullback to Support?

DJIA - 120.90, -0.94% SP500 - 9.40, -0.67% NASDAQ Comp. - 5.72, -0.23% Russell 2000 + 0.50, +0.07% The DJIA, S&P and Nasdaq indices fell today closing below recent support on the DJIA and S&P. The Nasdaq remained above support. Also notice that the Nasdaq closed down today but was up from the open and therefore today was a white candle. The Russell 2000 rose slightly and also displayed a white candle today. Take a look at the charts and notice where each index is at relative to horizontal support/resistance and the 30 DMA. The market is clearly testing the recent breakout and showing some signs of being at support. Stay focused on this key support area and watch for a bounce or break. Look for additional comments before Monday morning. Earnings FLR – 5/12 Today’s Action At Support Still ESRX Moving Up PCLN, FSLR, JASO, BUCY Moving Down ATW, V, MTL, FLR, BIDU, MA, V, NUE, CLF, X, AAPL, MON, DECK, SCHN, POT, IBM Intermediate Term Market Trend: Up Short Term Market Trend: Down