It has been a good week for the DJIA.  After achieving the lows in March, the index has not looked back…yet.

The momentum has propelled the index to move past the 50-day moving average at 7597 and is now nearing the 100-day moving average at 8108.  I expect the DJIA to test this area and it may meet some resistance before it moves higher to test the resistance of the trading range.

The MACD has already turned bullish and this could indicate that there could be follow through upward movement in the coming week.

If you spot certain buying opportunities for the short term, now is a good time to make a go at it.

Recommendation: Buy for the short term
Resistance: 8108