DOW (8574.65) and NASDAQ (1739.00) closed 4.4% and 1.2% up respectively last week.Support for DOW is at 8330 and NASDAQ 1670.Resistance for DOW is at 8850 and NASDAQ 1810.

Trend Of Major Indices and Stocks

Symbol Trend No. of Days WeeklyTrend MonthlyTrend

^DJI Bulllish 1 Rising Rising

^IXIC Bearish 2 Rising Rising

AA Bearish 2 Rising Rising

AXP Bulllish 1 Rising Rising

BA Bulllish 1 Rising Rising

C Bulllish 5 Rising Rising

CAT Neutral 1 Rising Rising

DD Bearish 3 Falling Rising

DIS Bulllish 8 Rising Rising

EK Bulllish 1 Falling Rising

GE Bulllish 7 Rising Rising

GM Bearish 3 Falling Rising

HD Bearish 3 Falling Rising

HON Bulllish 8 Rising Rising

IBM Bearish 3 Flat! Flat!

INTC Bearish 2 Falling Rising

IP Neutral 1 Rising Rising

JNJ Bulllish 8 Rising Rising

JPM Bulllish 1 Rising Rising

KO Bulllish 1 Falling Rising

MCD Bulllish 4 Rising Rising

MMM Bulllish 1 Rising Rising

MO Bulllish 4 Rising Rising

MRK Neutral 1 Rising Falling

MSFT Bearish 6 Falling Rising

PG Bulllish 3 Rising Rising

T Bearish 2 Falling Rising

UTX Bulllish 1 Rising Rising

WMT Bulllish 1 Rising Rising

XOM Bulllish 5 Rising Rising

Useful Technical Indicators for Major Indices and Stocks

Symbol Close PVBreakout MFI-21 RSI-14

^DJI 8574.65 Neutral 66.1 66.88

^IXIC 1739 Neutral 58.05 62.07

GE 14.53 Neutral 70.35 76.19

GM 1.61 Neutral 50.88 40.86

IBM 101.49 Loser 58.39 51.98

MSFT 19.42 Neutral 45.71 50.79

PG 51.57 Neutral 53.72 58.28

MFI=Money Flow Index

RSI=Relative Strength Index

PV=Price Volume

Trading Idea

(1)AXP(28.40)Buy at declines and trade.

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