Here are the Key Stock Market Levels Everyone is Watching Now

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

U.S. stocks and ETFs traded mostly sideways on Wednesday as major stock indexes stall near all time highs.

SPY, DIA, QQQ, IWMFor the day, U.S. stocks and ETFs meandered, as the Dow Jones Industrial Average (NYSEARCA:DIA) gained 0.05%, the S&P 500 (NYSEARCA:SPY) was virtually flat with a 0.05% gain, the Nasdaq 100 (NYSEARCA:QQQ) declined 0.1% and the Russell 2000 (NYSEARCA:IWM) gained 0.34%.

In other major markets, gold (NYSEARCA:GLD) gained 0.26% and oil lost -0.03%.

Major U.S. stock indexes and ETFs have stalled just short of all time highs and now are moving sideways as momentum wanes.

The key numbers to watch for are:

1527, the S&P 500 closing high, March, 2000.

1565, the S&P 500 closing high, October, 2007.

14,164, the Dow Jones Industrial Average closing high, October, 2007.

Your 1 Feature Stock Pick for February is hot off the press. Click here to discover it now!

These levels act as huge resistance levels going back for more than a decade.  The previous two times these levels were reached, major declines ensued and now stock and ETF indexes will have to break higher and sustain these levels before a major new bull market can be confirmed…

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business