The following is Technical Analysis for the Nasdaq ( NAS ) for 1/15/09
Nasdaq Support & Resistance Levels - January 15, 2009
Resistance Levels: 1500, 1543
Support Levels: 1450, 1429, 1400
http://stockcharts.com - Chart
The Nasdaq closed below 1500 for the first time since early December. Combined with the fact that the Steve Jobs news will weigh on the Nasdaq index tomorrow, support at 1450 will be tested. After 1450, you have solid support of 1400.
Apple ( AAPL ) CEO Steve Jobs will be stepping down from day to day activities to focus on his health - He is due back in June
Bank of America ( BAC ) is asking for more Government aid as it digests the Merrill Lynch takeover.
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