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Investing Ideas_06 03 2010 review

|Includes:AAPL, AKAM, BBBB, DPS, General Mills, Inc. (GIS), GTE, ITB, JPM, MNDO, UNG

 Indexes yesterday’s rise shows that the bottoms are strong of the moment. Will have to wait for new heights.

Dow Jones index has resistance at 10.293 point. This is a very important point. While it is not pierced, we can’t talk about rising up.

Dow Jones daily chart:

 

 

Meanwhile, the NASDAQ index has broken the psychological SMA200. And now it is being formed the support level at this line. However, this support seems very ephemeral at this moment. SMA200 is 2,230.98. Stronger support is at 2.140 points.

Nasdaq daily chart:

 
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Stocks: GIS, JPM, AAPL, GTE, BBBB, AKAM, MNDO, DPS, UNG, ITB