Weekly Summary

DJI Weekly Chart

DJI continues to go up. 10,000 is within reach.

Nasdaq Composite Weekly Chart

Broken out of downtrend. Next resistance is 2180-2200.

AMEX Oil Index

May have broken out of range bound trading. Oil must stay high for investment to flow into this sector. Currently, new oil fields are found deep in the middle of the sea. This require huge investment (i.e. big oil rig, storage service, transport service).

The summary for the rest of the sectors:

USA	Monthly	Weekly	Daily
S&P500	Up	Up	Up (+)
DJI	Up	Up	Up (+)
NasdaqComp	Up	Up	Up
DJ Transport	Up	Up	Up
DJ Utility	Up	Up	Neutral
Russell 2000	Up	Up	Up (+)
AMEX Airline	Up	Up	Up
AMEX Biotech	Up	Up	Up
AMEX Gold Bugs	Up	Up	Up
AMEX Natural Gas	Up	Up	Up (+)
AMEX Oil	Up	Up	Up
AMEX Security Broker	Up	Up	Up (+)
AMEX Telco	Up	Up	Up
KBW Bank	Up	Up	Up (+)
KBW Insurance	Up	Up	Up (+)
PHLX Housing	Up	Up	Up (+)
PHLX Semiconductor	Up	Up	Up
S&P Retail	Up	Up	Up