Yesterday, DJIA was not doing well after more bad news out from the financial sector. It declined 239 points. I would think that KLOFFE could open low today. So our strategy for the day will be short if it breaks down 1148 level (observe EMA crosses & MACD turn weak). However if it continue to breakup to 1154 level, a long position will be taken.

Daily Pivot Points

Support 1: 1148 Resistance 1: 1154

Support 2: 1142 Resistance 2: 1160

Support 3: 1130 Resistance 3: 1170

Support 4: 1122 Resistance 4: 1178

Support 5: 1110 Resistance 5: N/A

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