Stock market weekly review – September 14th, 2013 : The major indexes Dow Jones , S&P 500 and the NASDAQ started the week on a positive note, and that trend continued all week, this week as well. However, the recent leader the NASDAQ took the back seat, but the Dow Jones filled that vacuum. The Dow Jones cleared the 50 DMA resistance line finally and displayed some firepower. The trading volume came in average level in the NYSE stock exchange, while swelled in the NASDAQ. The nice gains on Monday also rescued the rally from pressure and placed in back on confirmed mode.

Dow Jones began the week with the price value of 14,923 and ended at 15,376. So, it posted +453.56 points or +3.04% gains. It’s one of the best gaining week after a long time for the index. The index closed well above the 15,000 key benchmark price level and as well as over the 50 DMA. The resistance hangs around 15,550 and the support resides around 15,050 , now.

Key Statistics:

Data source: Yahoo Finance


S&P 500 began the week with the price value of 1,655.17 and ended at 1,687.99 . So, it posted +32.82 points or +1.98% and posted decent gains for the week. The index also cleared the 50 DMA resistance line on Monday and stayed put over the line rest of the week. The resistance hangs around 1,700 and support to reside around 1650, price levels, now.

Key Statistics:

Data source: Yahoo Finance


NASDAQ began the week with the price value of 3,660.01 and ended the week at 3,722.18. So, it posted +62.17 points or +1.7% gains, but underperformed for the week. The index also faced tough time later part of the week. But, regardless of that, the index made and closed with a new 52 week high. The resistance hovers around 3,850 (Sep’ 2000) and the support resides around 3,620, now.

Key Statistics

Data source: Yahoo Finance


Recap: The indexes added another solid gains. The Dow Jones finally started to display some strength. Many leading growth stocks also continue to act well. So, the rally is getting support from all the fronts, now. So, just trade on the side of the rally and reap the benefits before it ends for good.