Market Update : DJIA & NASDAQ

Dow Jones Industrial Average DJIA
R - 10,800
S - 10,270

We effectively reached our support line for the DJIA at 10,270. The question is whether it will hold. It was a tumultuous week with the bulls and bears battling it out and we have essentially reached a stalemate unless either side comes out fighting. The one thing going into March that will benefit the bulls will be quarter-end window dressing. I would like to show my customers I am up for the year, wouldn't you?


NASDAQ Composite Index COMP
R - 2,340
S - 2,120

NASDAQ was looking stronger than the DJIA by the end of the week, still it was a tough battle. The index is well away from the support line and clearly the bulls are out there the past two weeks pushing higher, but caution should be taken given the weaker finish on Friday despite being positive.