Market trend WW21

what a week, DOW end -0.6% while the S&P500, NASDAQ and Small Cap making positive return. S&P500 lose 8.2% in May, more than worst monthly performance in more than one year. DOW and S&P500 end lower than 200DSMA, while NASDAQ make it slighly above it.
Friday end the month of May, last day profit take make it hard to overcome the resistance level.

DOW


By pbkian at 2010-05-29

Consumer Discretionary and material growing strong for the week, watch closely if this sector can form a higher high first.


By pbkian at 2010-05-29

June is coming but expect low trading volumn due to World Cup.