Monday, April 20, 2009

Dow jones chart update

DJI closed higher on Friday as it extends the rally off March's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but are neutral to bullish signaling that sideways to higher prices are possible near-term. SPI closed higher on Friday as it extends the rally off March's low. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. NDI closed higher on Friday as it extends the rally off March's low. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are overbought but are neutral to bullish signalling that sideways to higher prices are possible near-term.

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