Monday, January 14, 2013

DJIA and Nasdaq 100

for week starting 14-Jan-2013 Mon

DJIA

DJIA has been trading slow since last Thursday.
suspect market to face resistance today and consolidate within 13450 - 13520 pts.

If market fall below 13450 then it shall reach strong support 13380 pts soon before rebound up to resistance 13520 pts again.

Nasdaq 100

Reckon market to continue up towards 2775 pts.

However, buying at current level is risky, suggest to enter long when market consolidate and test strong support 2720 pts before resuming up trend to reach target 2775 pts.

Cheers
Ayumi

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