Monday, May 13, 2013

DJIA and Nasdaq 100

for the week starting 13-May-2013

US labour market data showed a steady recovery boosting the dollar, causing the drop of gold price to $1430.

Last week Dow has shot another record high closing since 2008, DJIA surpassed 15,000 pts.
This week we foresee DJIA to find support around 14,950 - 15,000 pts and continue to advance further towards 15,250 pts.

Daily Trading:
Enter long when market is testing 15,000 pts, target exit 15,150 pts.
Daily Resistance 15,160 pts.

Nasdaq 100
Similarly for Nasdaq 100
Support 2945-50 pts,
Resistance 2985-2990 pts.

No comments:

Post a Comment