Dow Jones Industrial Average - this index is running into profit taking pressures at the 10700 levels and this psychological level is likely to be the hurdle for now. The 10445 levels are likely to be the immediate support to watch out for. The outlook is cautious for the coming week.

Your call of action - this is a pure academic study.

Nasdaq - the Nasdaq has managed to pierce the 2200 levels on an intra-week basis and closed below it. A continuous close above this level will see an accelerated upmove and we advocate a wait and watch approach till that occurs. Lower levels will see support at the 2128 mark.

Your call of action - this is a pure academic study.

FTSE - this UK index is showing signs of out-performing the US markets and is trading at over 3 year highs. The immediate support is at the 5220 levels and 5450 levels will be the resistance to watch out for.

Your call of action - this is a pure academic study.