Are Stock Market Bulls Resting for a Big Record Breakthrough?
Dow Jones Industrial Average, S&P 500 Index, lose critical support levels on Monday.
The s&p 500 Index (NYSEARCA:SPY) closed below 1500 and the Dow Jones Industrial Average (NYSEARCA:DIA) closed below 14,000 on Monday, giving up technically and psychologically important in Monday’s broad based sell off.
The Dow Jones Industrial Average (NYSEARCA:DIA) fell 129 points to close at 13,880 while the S&P 500 Index (NYSEARCA:SPY) took a 1.15% decline.
Other major U.S. stock indexes were also down sharply with the Nasdaq 100 (NYSEARCA:QQQ) losing 1.75% and the Russell 2000 (NYSEARCA:IWM) falling 1.31%.
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Gold (NYSEARCA:GLD) gained 0.34% while oil (NYSEARCA:USO) fell 1.47% to $96.17/bbl.
Notable price action was seen in Apple (NASDAQ:AAPL) dropping 2.49%, Bank of America (NYSEARCA:BAC) shedding 1.96% and Dell Computer (NASDAQ:DELL) falling 2.64%…