U.S.Markets Weekly by Bullet Advisory Indian Stocks
Dow(8077.56) and Nasdaq(1477.29) closed 2.5% and 3.4% down respectively last week.Support for Dow is at 7630 and Nasdaq 1390.Resistance for Dow is at 8530 and Nasdaq 1565.
Trend Of Major Indices and Stocks
Symbol Trend No. of Days WeeklyTrend MonthlyTrend
^DJI Neutral 2 Falling Rising
GE Bearish 1 Falling Rising
GM Neutral 1 Rising Rising
IBM Bulllish 3 Rising Rising
MSFT Bearish 2 Falling Rising
PG Bearish 1 Falling Falling
Useful Technical Indicators for Major Indices and Stocks
Symbol Close PVBreakout MFI-21 RSI-14
^DJI 8077.56 Loser 38.95 40.11
GE 12.03 Neutral 31.07 29.02
GM 3.49 Neutral 58.56 44.11
IBM 89.49 Loser 51.72 57.83
MSFT 17.2 Neutral 41.81 37.27
PG 56 Loser 39.23 33.31
PV=PriceVolume
MFI=Money Flow Index
RSI=Relative Strength Index
Trading Idea
(1)JPM(24.28) Buy at declines and trade.
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