OUTLOOK
The DJIA closes the week little changed at +0.33% as nine out of the 30 Dow components come out with quarterly figures. [The Week:Trading By the Numbers|26 Apr|11:42 AM ET] . Oil prices hit record highs and the US dollar rallies. [Oil settles higher on turmoil abroad|April 25: 3:56 PM EDT] , [Dollar at 3-Week Highs vs. Euro on Rates Outlook|Reuters|25 Apr| 03:05 PM ET] . For the entire week it moves up and down 12750 unable to make a clean breakaway. Meanwhile, an invevitable resolution of 2 deviating trends is about to pass as the trendlines converge. The longs are itching for a break of the intermediate down trendine while the shorts are praying for a bounce off of it.
PRICE AND TURNOVER
Close: TODAY 12,891.86 * EOPW 12,849.36 * EOPM 12,262.89 * EOPY 13,264.82
Change: TODAY +42.91(+0.33%) * WTD +42.50(+0.33%) * MTD +628.97(+5.13%) * YTD -372.96(-2.81%)
Volume: 714.6M
MARKET BREADTH
Net Adv Issues: +850 * Net New Highs: -4 * Net Up Volume: +1.399,297,584
TECHNICAL ANALYSIS
Major consolidation * Intemediate downtrend * Short term uptrend * Support 11700 * Resistance 12800
The DJIA closes the week little changed at +0.33% as nine out of the 30 Dow components come out with quarterly figures. [The Week:Trading By the Numbers|26 Apr|11:42 AM ET] . Oil prices hit record highs and the US dollar rallies. [Oil settles higher on turmoil abroad|April 25: 3:56 PM EDT] , [Dollar at 3-Week Highs vs. Euro on Rates Outlook|Reuters|25 Apr| 03:05 PM ET] . For the entire week it moves up and down 12750 unable to make a clean breakaway. Meanwhile, an invevitable resolution of 2 deviating trends is about to pass as the trendlines converge. The longs are itching for a break of the intermediate down trendine while the shorts are praying for a bounce off of it.
PRICE AND TURNOVER
Close: TODAY 12,891.86 * EOPW 12,849.36 * EOPM 12,262.89 * EOPY 13,264.82
Change: TODAY +42.91(+0.33%) * WTD +42.50(+0.33%) * MTD +628.97(+5.13%) * YTD -372.96(-2.81%)
Volume: 714.6M
MARKET BREADTH
Net Adv Issues: +850 * Net New Highs: -4 * Net Up Volume: +1.399,297,584
TECHNICAL ANALYSIS
Major consolidation * Intemediate downtrend * Short term uptrend * Support 11700 * Resistance 12800
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