The Bulls in DJIA displayed an olympic-inspired performance last Friday as it zoomed from a short-term trend line support to breaking the 11,680 resistance anew.  Sad to say, there wasn't much value to this climb with just 209,212,500 volume thus, we will see a bit of correction soon. 

However, we shall continue to stand on our outlook on the DJIA as sideways to up as it keeps itself above the short-term trend line but failing to break 11,820 resistance.  The Bulls will definitely try to hit the psychological 12,000 region in the weeks to come.  Expect volatile days to continue with market action swinging 100 to 200 points a day.  Bears are waiting for the perfect time to strike their paws.  Be cautious.

NASDAQ made a gold medal performance having broken 2,353 resistance level as well as Wednesday's high of 2,385.  With this we shall upgrade outlook on NASDAQ from short-term sideways to short-term up trend.

S&P 500 pole vaults over the long-over due downward resistance level and previous highs of 1,291.  This give us reason to upgrade S&P 500 from sideways to sideways with upward bias.