Saturday, January 16, 2010

USA Weekly Summary

S&P 500 Daily Chart

S&P 500: Seems like it is now testing the resistance turned support that it has broken 2 weeks ago. Trend is still up.

DJI Daily Chart

DJI: Different case for DJI. Still no success in breaking the upper resistance line. Now, just a few points above the uptrend support line. Trend is still up.

Nasdaq Composite Daily Chart

Nasdaq Composite: The movement for this index has the same pattern as the S&P 500. Support is at around 2260.

The summary for the rest:
USA Monthly Weekly Daily
S&P500 Up Up Up
DJI Up Up Up
NasdaqComp Up Up Neutral (-)
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 Neutral (-) Neutral
AMEX Natural Gas Up Up Neutral (-)
AMEX Oil Up Up Neutral (-)
AMEX Security Broker Up Up Neutral (-)
AMEX Telco Up Up Neutral
KBW Bank Up Up Up
KBW Insurance Up Up Up
PHLX Housing Up Up Up
PHLX Semiconductor Up Up Neutral (-)
S&P Retail Up Up Neutral (-)

You can see that there were a lot of correction last week. Commodity play is still under correction.

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