(M18) 99.270 Resistance Key....>

SHORT-STERLING TECHS: (M18) 99.270 Resistance Key This Week

*RES 4: 99.340 Repeated Daily Highs Jan

*RES 3: 99.310 High Feb 7

*RES 2: 99.296 200-DMA

*RES 1: 99.270 Lows Feb 2 & 5 now resistance

*PREVIOUS CLOSE: 99.250

*SUP 1: 99.230 100-DMA

*SUP 2: 99.220 Repeated daily highs Feb now support

*SUP 3: 99.210 High Apr 20 now support

*SUP 4: 99.180 Highs Apr 25 & 26 now support

*COMMENTARY: Bears failed to take out the 99.145-160 support region last week

with the aggressive bounce Friday seeing closes above the 100-DMA and focus now

on 99.270. Daily studies are very O/B and the Bollinger top (99.266) is also a

concern. Bears now look for a close below the 100-DMA to gain breathing room and

below 99.210 to ease bullish pressure and shift focus back to the 99.145-160

support region.