Saturday, January 9, 2010

Weekly Summary

NASDAQ Composite Weekly Chart

Nasdaq Comp: Broke out of rising wedge. Next resistance at 2350. Daily and weekly chart is slightly overbought. Monthly chart shows that there is still a lot of room to go.

DJI Weekly Chart

DJI: Making a rising flag. Daily still not yet overbought. Therefore, it is still possible for it to break higher. If it does, next resistance at 11000.

S&P 500 Weekly Chart

S&P 500: Daily still not yet overbought. Next resistance is at around 1200-1220.

The summary for the rest:
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 (+) Neutral
AMEX Natural Gas Up Up Up (+)
AMEX Oil Up Up Up
AMEX Security Broker Up Up Up
AMEX Telco Up Up Neutral
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 (+)

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