CHARTS
DJ30: Upside 4 of 5 sessions, moving off the Thursday doji up to just below the 50 day SMA. Solid double bottom bounce but now at some resistance. Lots of good news built into the move (Fed, trade) and a 1250 point move on the week. It would appear DJ30 needs to rest a bit, but with a yearend rally the moves are not necessarily standard.
SP500: Also rallied off the Thursday doji, moving higher to close just below the 200 day SMA, a significant resistance point. Four of five sessions upside here as well. Basically the same pattern as DJ30 in application, i.e. the double bottom rally up to a resistance point.
NASDAQ: Continued higher Friday off a Thursday pause, moving closer toward the 50 day EMA. The big upside days were Monday and Wednesday while Thursday and Friday were more a coast upside. A bit of slower trade here leaves NASDAQ with some more room to rally though both 50 day MA's and the 200 day SMA overhead for the next 175 or so points.
Source: Investment House