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Google, NYSE, and Other Leaders Struggle

Posted by Blain Reinkensmeyer
November 27, 2006 at 11:06 am

Keep a close eye on these stocks and other market leaders thus far today as they have struggled and are slipping to new intra-day lows:

  • Google (GOOG) is trading right in its $493ish support area, and thus far has held up. I would walk away short term if it falls and closes under $492 on distribution volume. Google is down 11 poitns or just over 2.2% on the day thus far.
  • NYSE Group (NYX) topped out this morning at $109.25 and has stumbled ever since. Intra-day low is $105.55, and the real time last of $106.05 puts NYX down over 2 points or just over 2%. Volume is nearing 2.2 million.

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