This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Thursday, May 15, 2008

DJIA 5/14/08 STOCK MARKET TECHNICAL ANALYSIS

=== PRICE AND TURNOVER ===
Close: 12,898.38
Change: +66.20 (0.52%)
Volume: 664.0M

=== MARKET BREADTH ===
Net Advancing Issues: +628
Net New Highs: +79
Net Up Volume: +1,051,332,090

=== TECHNICAL ANALYSIS ===
MAJOR CONSOLIDATION * INTERMEDIATE DOWNTREND * MINOR UPTREND : Corrective wave | Prior support 12250 | Provisional support 12715 | Prior resistance 13132 | The Dow moves within a tight range for 5 days looking for support. Expect the index to resume the uptrend at or near the short term trendline.

AP|Stocks advance following better-than-expected inflation read|Wed May 14, 4:51 pm ET
AP|Inflation pressures ease despite food price jump|Wed May 14, 4:55 pm ET

No comments:

Post a Comment