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U.S. Market Major Indices.

DOW JONES INDUSTRIAL AVERAGE

The DJIA is a price-weighted average of 30 blue chips stocks that are generally the leaders in the industry.

DJIA made a new life time high on 31 d\Dec 2013 which was 16588 and then took a sharp correction after making a double top. On 6 Feb, a trend reversal too place and DJIA started to move in upward direction and took a steep rise since then. The index is close to its life time high and trading near  16,200-16,300.

NASDAQ COMPOSITE

The NASDAQ composite index is a broad-based capitalization index of stocks in all three NASDAQ tiers: Global select, Global market, Capital market.

NASDAQ is also heading towards its life time high which was 5132 on 31 March 2000. The index is moving continuously in upward rectangular pattern from last Febuary and now after a sharp correction in January it again starts in momentum in upward direction. Now the index is moving in range of 4,250-4,320.

S&P 500

Standard and Poor’s 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

S&P 500 is trading at its live time high and making new highs regularly from last March. The index is moving continuously in upward rectangular pattern from last three years. In short term it took a correction in January but now again it is on its original direction which is upward.Now the index is trading in range of 1,830-1,860.

The charts viewed and the numbers taken from

www.money.msn.com

www.bloomberg.com

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