Sunday, April 3, 2011

DJIA and Nasdaq 100

Very good morning to all

Today we are going to have the last day of KL ATIC 2011, yesterday we met investors / traders, and I am very happy to meet the masters from APSRI across Malaysia, we are glad to have Master Denny from Kuching to join us, many volunteer masters April, Simon, Mentor JC, Master Lam~~~

Very very happy to meet Sifu DAR Wong, again, Sifu reminded me of the Price vs Value.
What is the Value that you are going to get, and how do we put something meaningful to life...

Seek for Education and mentorship, give an opportunity to try, and an opportunity to excel higher, a gift to life.


Dow Jones Industrial Average (DJIA)

Back to Dow Jones, good bull run, and many would have seen from the chart above, higher high, and higher low.

U.S. employment grew solidly for a second month in March and the jobless rate hit a two-year low of 8.8 percent.

The market is currently testing 12400 resistance area, there's a lot of congestion in terms of price action around these levels, strong job growth and supportive comments on Fed policy from influential New York Fed Bank President William Dudley were supportive, but the market is looking to forthcoming earnings to kick the rally into a higher gear.

This week, Support at 12230, Resistance 12400 (which we believe can be broken convincingly anytime soon!) and yes, if broken, target for the week, 12580.

Breaking below the support of 12230 Dow Jones may test previous low 12180.
Monday, clear the mind, grap for long when dow is trading near 12350-320, aim 12400 as your first exit, with a convincing breakout to the top, follow our forum to know how to roll your profit!


Nasdaq 100

Agree with Walter our Dow Jones Master, Nasdaq 100 is going to 2400, suggest position trading for this index, grab for long when the index retrace to 2330, SL 2315-2300 and aim for exit at 2400!

1 comment:

  1. Good covered point, lots of people simply put something weired theories in front of public.
    But it doesn’t work i think because know one sure how it will going to happen
    It looks like just coping ideas which someone has already written. I found even on
    popular blogs guest bloggers bring same theories which I already know. I observed they
    just try to spice up their article without knowing what really audience want to read.
    Thanks
    Regards
    Stock Tips

    ReplyDelete