Wizzwatch Weekly Newsletter

As the week that passed came to a close in the stocks market all three major indices advanced to the upside. The Nasdaq Composite Index, the Dow Jones Industrial Average as well as the Standard and Poors 500 all moved higher to the upside. Both the Dow Jones Industrial Average and the S&P 500 have been on the upside for the past 2 weeks as the Nasdaq advanced for the first time in 3 weeks.

The top percentage gainers in the stocks market this week were (AXK) Accelr8 Technology Corp. +175.00% followed by (GTIM) Good Times Restaurants +69.51%, (CRAY) Cray, Inc. +67.11%, (AWRE) Aware +64.88%, and (IBCP) Independent Bank Corp. +54.47%.

As for the commodities markets there was a price increase in the price of Gold and Oil as the price of Silver declined. The price of gold ended the week trading at $1,662.30 per troy ounce up $19.80 or +1.21% as the price of a barrel of oil ended the week trading at $104.59.

The top commodity indices for the week were Natural Gas +12.95%, Copper +4.09%, S&P GSCI Agriculture +2.48%, S&P GSCI Industrial Metals +2.01%, and the CRB Index +1.44%

The Dow Jones Industrial Average began the week trading at 13,028.20 and moved to a price low in the 12,845.58 area before ending the week trading higher on the upside. The index is currently above its 5, 10, 32, 50 and 200 week moving averages. Upside resistance is at 13,289.19 with downside support at 12,193.34.

The Dow Jones Industrial Average has been moving higher to the upside for the past 2 trading weeks and is 0.52 percent or 68.80 points away from a new 52 week price high as well as a 3 year price high.

The top percentage gainers in the Dow 30 in the week that past were (T) AT&T +5.83%, (BA) Boeing +5.04%, (AXP) American Express +4.73%, (VZ) Verizon +3.87%, and (IBM) International Business Machines.

The Dow Jones Industrial Average ended the week trading at 13,228.31 up +199.05 points or +1.53% on lighter than average upside trading volume of 3.34 billion. The average weekly trading volume for the index is 3.68 billion.

The Nasdaq Composite Index began the week trading at 2,969.00 and declined to a price low in the 2,946.04 area before ending the week advancing higher. The tech weighed Nasdaq Composite Index moved higher after declining for the past 3 consecutive trading weeks.

The index is currently above its 5, 10, 32, 50 and 200 week moving averages with downside support is at 2,921.05 and upside resistance at 3,134.18. As for now the index is poised to move higher in the week ahead and is currently 64.87 points or 2.11% away from a new 52 week price high.

The top percentage gainers in the Nasdaq 100 Index this week were (EXPD) Expedia +26.21%, (AMZN) Amazon .com +19.41%, (WCRX ) Warner Chilcott +18.25%, (CTXS) Citrix +10.29%, and (MXIM) Maxim Intergrated Products +9.90%.

The Nasdaq Composite Index ended the week trading at 3,069.20 +68.75 points or +2.29% on heavier than average upside trading volume of 8.64 billion. The average weekly trading volume for the Nasdaq is 8.36 billion.

As for the Standard and Poors 500 it too advanced higher to the upside for the second consecutive week in a row. The S&P 500 began the week trading at 1,378.53 and declined to a price low in the 1,358.79 area before advancing higher.

The index is above all of its major moving averages as it continues to move higher. As for now downside support for the index is at 1,348.59 with upside resistance at 1,422.49.

The top percentage gainers in the Standard and Poors 500 index this week were (EXPD) Expedia +26.21%, (PHM) Pulte Group +20.31%, (AMZN) Amazon .com +19.41%, (RF) Regions Financial +13.34%, and (EW) Edwards Lifesciences Corp. +12.76%.

The S&P 500 ended the week trading at 1,403.36 up +24.83 or +1.80% on heavier than average trading volume of 14.07 billion. The average weekly trading volume for the Standard and Poors 500 is 13.90 billion.

By: Marlin Rolle
*** Please have a close look at the charts listed below ****