Ao minuto: EUA atacam Irão. MNE iraniano diz que país "reserva todas as opções" para se defender

[Camisa Roxa]

Back in the December 10th TrendWatch we took a look at using trend line gaps as a
method to spot ends of trends. Essentially, whenever a chart bar skips completely
over a previously established trend line, that is a testament to the strength of that
reversal. This became considerably important as of last Friday, when most of the
major indices had broken under their bullish trend lines of the prior eleven days.

What this basically sets up for today and the next few days is strong resistance. For
our chart below of the Nasdaq 100 Index, the previous support line has now become the
resistance line, near 1070 as of today.

As you can tell from the first three trend line gaps on the chart (circled), the
likelihood of pushing back inside the trend lines and getting new traction on recent
bullishness is pretty low. And the longer it takes to do so, the less likely it is to
happen at all.

The interesting (and most bearish) part is the possibility of staying in this
downtrend even with a higher close today. Remember, the previous support line has
now become resistance. The Nasdaq 100 closed Friday at 1017, so even a 30 point jump
higher today would still leave us 13 points under that 1070 level. As such, the next
few days are a critical pivot point.

SUPPORT RESISTANCE
Nasdaq Composite 1360 1395
S&P 500 885 915
Dow Industrials 8480 8670


Ford Motor Company (F) posted a fourth quarter loss of seven cents per share. The
company's finaning division was profitable, but lower auto sales negatively impacted
their bottom line. 3M Company (MMM) saw an increase in fourth quarter profits after
increasing sales in addition to lowering costs.