Monday, August 5, 2013

DJIA and Nasdaq 100

for the week starting 5-Aug-2013

This is going to be the last 3 days of work before the Raya holiday.
Thursday and Friday is public holiday here in Malaysia and I get to continue clearing off my stuff :)


Last week DJIA posted modest gains, despite a disappointing job report.
The week is quiet and DJIA shall continue trading sideways bias up, supported above 15550 pts.
Day range around 80 pts.

Still looking at DJIA going towards 16000.  But it seems slow.

Nasdaq 100

Nasdaq 100 in contrary, posted stronger gains than DJIA.
Looking forward to Nasdaq 100 hitting 3160 pts this week.

Due to the lackluster trading .. I do not plan to trade this week.

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