The Traderszone Network

Published in TZ Latest News 7 August, 2014 by The TZ Newswire Staff

Thursday Market Wrap- Bears Still Running Amok

Last nights blog pinned 1929 as short term resistance, we hit it today (within a few cents) and died a a fast death, about 18 handles from the high of the day to the close.  For the day the SPX/DOW were -0.50%, and the NDX/NAZ were -0.45%. Bonds gained 15 ticks, Crude added 65 cents, Gold rose $5, and the USD was higher too.

Short term, the levels remain the same as last night.  Short term support is at 1901 and 1869, with resistance at 1929 and SPX 1943.

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