Dow Nasdaq U.S.Stocks Technical Analysis by Bullet Advisory

Bullet Advice for Indian Stocks-U.S.Market Trend

DOW (8280.74) and NASDAQ (1796.52) closed 1.9% and 2.3% down respectively last week.Support for DOW is at 8060 and NASDAQ 1750.Resistance for DOW is at 8500 and NASDAQ 1840.

Trend Of Major Indices and Stocks

Symbol Trend No. of Days WeeklyTrend MonthlyTrend

^DJI Bearish 1 Falling Rising

^IXIC Bearish 1 Falling Rising

AA Bearish 3 Falling Rising

AXP Bearish 2 Falling Falling

BA Neutral 1 Falling Falling

C Bearish 1 Falling Rising

CAT Bearish 2 Falling Rising

DD Bearish 1 Falling Falling

DIS Bearish 1 Falling Rising

EK Bearish 1 Rising Rising

GE Neutral 1 Falling Falling

HD Bearish 1 Falling Falling

HON Bearish 1 Falling Falling

IBM Bearish 2 Flat! Flat!

INTC Bulllish 6 Falling Rising

IP Bulllish 6 Falling Rising

JNJ Bearish 1 Falling Rising

JPM Bearish 2 Falling Falling

KO Bulllish 5 Falling Rising

M Bearish 1 Falling Falling

MCD Neutral 1 Falling Rising

MMM Bulllish 5 Falling Rising

MO Bearish 1 Falling Falling

MRK Bearish 1 Rising Rising

MSFT Bearish 1 Falling Rising

PG Bearish 1 Falling Rising

T Bearish 1 Rising Rising

UTX Bearish 1 Falling Rising

WMT Bearish 2 Falling Rising

XOM Bearish 1 Falling Rising

Useful Technical Indicators for Major Indices and Stocks

Symbol Close PVBreakout MFI-21 RSI-14

^DJI 8280.74 Loser 54.82 41.55

^IXIC 1796.52 Loser 46.37 49.36

GE 11.46 Loser 35.13 33.52

IBM 101.73 Loser 37.68 36.58

MSFT 23.37 Loser 66.48 58.42

PG 51.11 Loser 33.49 46.9

MFI=Money Flow Index

RSI=Relative Strength Index

PV=Price Volume

Trading Idea

(1)MMM(60.25)Buy at declines and trade.

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