Today I will not post my daily update on my list of stocks, because they are not acting by themselves, they are following the market, so today I will analyze the main indexes.

$INDU – Dow Jones Industrial Average – This is the main index of the American stock market, as you can see on the chart below, the index is pulling back to test the MA50 at 9697 points, about one month ago tested the MA50 at 9430 points, the ADX is almost in the same situation as one month before, the MA50 is rising, I have no motives to believe this time it will break this support, so I expect a test today at 9700 – 9697, and, a bounce today or tomorrow.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&b=5&g=0&id=p19764027445

$NYA – NYSE Composite – As you can see on the chart below, the NYSE has broken the MA50, but, it has support at 6750 – 6700, I bet you are asking why I am saying it, because you are not seeing on the chart, the only you are seeing, is the support at 6633 points, but, if you remember what I said many times, previous resistances become supports, and previous supports become resistances, so, if you look to the last month of August, you can see that the index made resistance at 6700 about ten consecutive days, and, also at 6750 for about 5 days, right at the end of the same month, so, this is now a support point, it will test this support and bounce.

http://stockcharts.com/h-sc/ui?s=NYSE&p=D&b=5&g=0&id=p19764027445

$COMPQ – NASDAQ Composite – This is almost a copy of the NYSE chart, this will almost sure test the support at 2040, but, this one looks worst, it’s possible a touch at 2000 – 1950.

http://stockcharts.com/h-sc/ui?s=NASDAQ&p=D&b=5&g=0&id=p19764027445

$NDX – NASDAQ 100 – A perfect copy of the NASDAQ Composite chart, only the numbers change, this has support at 1656 – 1630 points, where it will bounce.

http://stockcharts.com/h-sc/ui?s=$NDX&p=D&b=5&g=0&id=p19764027445

$SPX – S&P 500 Large Capitalization – This chart is a copy of the DOW’s chart, it has support at 1019 points

http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p19764027445