US market overview

Dow Jones Index is so bullish in March, from the figure above we shall see a lot of long long white candle. In a whole month, there is only a little black candle and all the black candle is short compare to white candle.

In a month, the index rise from 6600 level to 8000 level.  on 10th March and 23rd March, these 2 white candle that help the index a lot in breaking the resistance level and climb to a new high level.

For the coming week, will DJIA continue survive in 8000 points? 

I read an article in Bloomberg just now and what I saw is US may suffer further job losses in coming month. This indicates that the bearish may start on next week. 

In my opinion, US market may not so bullish as in March and it may float at the level of 7400-7800. 

Economic event for the following week are:

Tuesday   -    October Consumer Credit

Wednesday -  Crude Inventories and Wholesale Inventories

Thursday   -   Initials Claim ended on March 28, Trade Balance

Stock to focus next week:

SGR, MOS, CHTT, BBBY.