Saturday, April 3, 2010

U.S.Stock Market Weekly Technical Analysis

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U.S.Stock Market Weekly Technical Analysis

Dow (10927.07) and Nasdaq (2402.58) closed 0.7% and 0.3% up respectively last week.Support for Dow is at 10780 and Nasdaq 2360.Resistance for Dow is at 11030 and Nasdaq 2440.Trend Of Major Indices and Stocks

Symbol Trend No. of Days WeeklyTrend MonthlyTrend

^DJI Neutral 1 Rising Flat!
^IXIC Bearish 2 Rising Flat!
AA Bulllish 1 Rising Flat!
AXP Bulllish 1 Rising Flat!
BA Bearish 2 Rising Flat!
C Neutral 1 Rising Flat!
CAT Bulllish 1 Rising Flat!
DD Neutral 1 Rising Flat!
DIS Bulllish 1 Rising Flat!
EK Bulllish 1 Falling Flat!
GE Neutral 1 Rising Flat!
HD Bearish 2 Rising Flat!
HON Bearish 1 Rising Flat!
IBM Bearish 4 Rising Flat!
INTC Neutral 1 Rising Flat!
IP Bulllish 1 Rising Flat!
JNJ Bulllish 3 Falling Flat!
JPM Neutral 2 Rising Flat!
KO Bulllish 1 Rising Flat!
MCD Bulllish 1 Rising Flat!
MMM Bulllish 3 Falling Flat!
MO Bulllish 1 Falling Flat!
MRK Neutral 1 Falling Flat!
MSFT Bearish 2 Rising Flat!
PG Bearish 7 Falling Flat!
T Neutral 1 Rising Flat!
UTX Neutral 1 Rising Flat!
WMT Bearish 2 Rising Flat!
XOM Bulllish 1 Rising Flat!

Useful Technical Indicators for Major Indices and Stocks

Symbol Close PVBreakout MFI-21 RSI-14

^DJI 10927.07 86.7 70.55 38.26
^IXIC 2402.58 80.27 67.43 28.66
GE 18.33 65.45 71.68 43.88
IBM 128.25 44.53 53.02 8.93
MSFT 29.16 63.4 47.39 25.71
PG 63.36 46.45 49.35 17.01

MFI=Money Flow Index
RSI=Relative Strength Index

Trading Idea

(1)JNJ(65.77) Buy at declines and trade.

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