Dow Jones Industrial Average - this US old economy index is showing extreme strength as it breached a 3 1/2 year levels and closed at a critical high which shows strength in then undertone. The chart shows an inverted head & shoulder formation and a flag formation which is a sign of strength. This index is likely to see the 11000 levels after the christmas break is over.

Your call  of  action - Since Indian investors are not allowed to trade in overseas markets, this  is  a  pure academic study.

Nasdaq - the Nasdaq is making similar chart patterns like the Dow Joes, however showing lower chartical strength. The 2170 levels need to be surpassed to signal strength and the 2135 levels are an immediate floor price below which the index should not fall.

Your  call  of  action - Since Indian investors are not allowed to trade in  overseas markets, this is a pure academic study.

FTSE - this UK index is showing signs of strength as the index attempts to test the previous top amidst the pre-christmas sentiments. This index needs to trade consistently above the 4865 levels to signal bullishness and maintain an upward trajectory. The 4725 levels will be a good support in the coming week.

Your  call  of  action - Since Indian investors are not allowed to trade in overseas markets, this is a pure academic study.