The Semiconductor Index (SOX) fared the worst in today's session with a decline of 2.9% and the Semiconductor Holders (SMH) ETF was down 3.1% on heavy volume-the SOX and SMH gapped down and have gaps between 402.66/405.48 and $33.64/$34.03, respectively-we are keeping our eyes on these levels as gap usually get filled in the near term...We are lowering the support/resistance levels on the DJIA (DI

Stocks had somewhat of a comeback and avoided a disaster after the jobs report disappointed...The Nasdaq Composite finished nears its highs for the day and the S&P 500 finished near the middle of its intra-day trading range...Even so based on the stock market direction we are are lowering the support/resistance levels on the S&P 500 (SPY) (1,343/1,345) and Nasdaq Composite (QQQ) (2,835/2,873)...Th

The support/resistance levels are the same for the S&P 500 (SPY) (1,336/1,340) and Nasdaq Composite (QQQ) (2,823/2,834) and higher for the DJIA (DIA) (12,605/12,760)...The market might be waiting for the jobs report on Friday and for earnings season (which starts next week) before making any kind of material move...The major indexes rose moderately between 0.1% and 0.5% and the environment remains