Saturday, 15 October 2011

Market updates for week ending 14 Oct 2011

S&P500 rallied and closed just at its major resistance on Friday. We could be seeing a slight pullback for the next few days to 'retest' the resistance-turned-support for S&P500 at the 1185 area. If we could hold the 1185 level, the market could turn bullish into the weeks ahead.

S&P500 Daily Chart


S&P500 Weekly Chart


MGM


BAC



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