APPLE Weekend Update

APPLE DAILY CHART WITH CHANNEL

• Apple was resisted at the high of 319 on friday. 
• If the stock breakout above this level that can start the next big up move for this stock with initial targets of 330.
• The channel shows in the second charts looks strong. it shows a stock which is in strong up trend. So until the weakness is shown in chart it will be safe to go long in this stock.
• MSFT WEEKEND UPDATE
  
  

US DOLLAR Technical analysis

USD HNS BREAKDOWN

• US Dollar violated the trend line drawn in its weekly chart. But USD managed to get back above the trend line.
• The head and shoulders breakdown is targeting around 73.
• If the weekly support line does not hold we may see 73. 
• USD has good support around 73 - 74 area.
• DOW JONES EOD UPDATE
  

BAIDU Weekend Update

BIDU DAILY CHART WITH 20 DMA

BAIDU DAILY CHART WITH TREND LINE

• BAIDU is showing good support at 103 levels in its daily chart.
• 20 DMA has been giving good support for the stock recently as shown in the highlighted area.
• Daily chart is also showing a good trend line that the stock has been respecting so far.
• To summarise despite the correction the up trend is still intact.
• MSFT Weekend Update
  
• DOW JONES EOD UPDATE
  

MICROSOFT Weekend Update

• MSFT is finding it tough to move away from its 200 DMA. Last week stock went above the 200 DMA, then it came below it and the weekend close was at the 200 DMA.
• The crucial levels to look for in the daily chart is 26.38 as main support and 27.49 as resistance a clear direction may emerge once the stock closes above or below the ranges mentioned. 
• The Fibonacci levels are also showing resistance at 50% Level.
• Staying above 50% can give 28.19 as first target.
• Breaking below 50& level and 200 DMA can take it back to 26.10 level.
• DOW JONES EOD UPDATE
  

Dow Jones analysis after closing bell

WEEKLY CHART

WEEKLY CHART

• Dow Jones 30 weekly chart with  target level for next week.
• First chart shows the confirmation of a weekly breakout with price closing above 11257 which was mentioned yesterday.
• The second chart also shows a possible target for Dow Jones for next week. Target is 11750 were next weekly resistances are situated.

SPY Support levels

CHART-II

• Trend line drawn in the below chart has held so far.

CHART-I

• 15 minutes chart of SPY with trend line support and the GAP.
• Violation of the Trend line may get support at 121.96.
• Breaking 121.96 will be negative for the bulls of SPY

S&P 500 futures before opening bell

• Futures will gather momentum above 1218. It is not that the bulls lack momentum but If price stayed above 1218 it will add to the strength of the bulls.
• 1212 is the level below which  one can see some weakness setting in.
• But for now everything looks ok for the bulls.
• S&P 500 ANALYSIS AFTER CLOSING BELL