arendranainani.blogspot.com 

 

 

Dow(9034.68) , Nasdaq(1632.21) closed 6.1% and 6.75% higher respectively last week. Support for Dow is at 8567 and for Nasdaq at 1538.Resistance for Dow is at 9530 and Nasdaq at 1730.

 

 

Trend of Major Indices and Stocks

 

 

 

 Symbol Trend  No.of days WeeklyTrend  Monthly trend

 

 

    ^DJI     Bulllish  3          Rising  Rising  

     ^IXIC  Bulllish  3          Rising               Rising  

      GE       Bulllish  3          Rising               Rising  

       GM      Bulllish  1          Rising               Rising  

       IBM     Bulllish  3          Rising  Rising  

        MSFT  Bulllish  3          Rising  Rising  

        PG       Bulllish  3          Rising              Falling  

 

 

 

 

Useful Technical Indicators for Major Indices and Stocks

 

 

 

 

 

 

 Symbol Close PVBreakout  MFI-21 RSI-14

 

     ^DJI    9034.69  Neutral   50.98  58.27           

      ^IXIC  1632.21   Neutral   54.89  58.55           

       GE     17.07       Neutral   47.25 53.05           

       GM      3.65        Neutral    44.35   46.68           

        IBM     87.37       Neutral      48     59.33

        MSFT 20.33            Neutral             39.58      54.38     

 

PV=PriceVolume

MFI=Money Flow Index

RSI=Relative Strength Index    

 

 

Trading Idea

 

 

(1)WMT(57.18)Buy in decline and trade.