1178/ 1184 reisistance turn support, 1200 next resistance

Stocks could give back more gains this week as traders keep a wary eye on the strengthening dollar."I think we get a small pull back here, but I don't think the rally is finished," said John Roque, managing director with WJB Capital Group.The Fed starts a two-day meeting Tuesday, and there are just a few economic reports, including productivity and costs at 8:30 a.m., and wholesale trade at 10 a.m. The NFIB's small business survey is reported at 7:30 a.m."The stock market benefited greatly from weakness in the dollar. It would seem natural that if it were to rally, it would put pressure on stocks," said Cashin. The dollar staged an interesting intraday reversal Friday after better than expected jobs data, sparking a debate about whether the dollar is now going to trade along with perceived relative strengthening in the U.S. economy instead of against the idea of recovery.Traders were also watching the Chinese stock market, down for a fourth day and another metric for the global economic recovery.

fkli support 1179 resistance 1184 1200 5min chart

TOKYO (NQN)--Key exporter issues, including Toyota Motor Corp. (7203) and Sony Corp. (6758), moderately fell Tuesday, after the Dow Jones Industrial Average lost ground overnight.

mkt turnning weaker testing 1180 support level

Wall Street's rally could persist next week as investors' conviction grows that the U.S. economy is on track for a recovery. But retailers' results, CPI and other consumer data could cast a pall if shoppers fail to show signs of life.The focus will also be on the Federal Reserve, which will release a statement on Wednesday afternoon at the end of its two-day interest rate-setting meeting. Retail sales are released Thursday, and there are just a few major earnings reports, including Wal-Mart and several other chain stores."I suspect the market is going to retrace a little bit next week. I would be surprised if it didn't," said Tim Smalls of Execution LLC. "People keep saying there's a lot of money on the sidelines, waiting to come into the stock market. I'm not so sure. I think you need to have some kind of pull back, and then more people come into the market."Economic reports in the coming week include the NFIB small business survey which is released Tuesday, as are productivity and costs and wholesale trade.Wednesday's data includes international trade and the federal budget.On Thursday, weekly jobless claims, import prices and business inventories will be reported in addition to retail sales.Consumer prices for July, industrial production and consumer sentiment are released Friday.

heavy,,,,....

Aug. 7 (Bloombhttp://www.bloomberg.com/apps/news?pid=20601087&sid=aY_sYglm7xEgerg) -- China Construction Bank Corp. will reduce new lending by about 70 percent in the second half after a surge in loans in the first six months increased credit risk, President Zhang Jianguo said in an interview

deep penetration...damaged structure

conner fkli.... shake the monkey off the tree technique

breaking resistance 1168

fkli refuse to break resistance today 1166

testing resistance 1165/1170

support 1160 resistance 1170

June Industrial Output Rises 2.4%

TOKYO (NQN)--Japan's industrial output rose 2.4% from May to a seasonally adjusted 81 (2005=100) in June, the fourth straight month of increase, the Ministry of Economy, Trade and Industry said Thursday.

support 1172/1170 resistance 1180/1200

support move to 1160 1164

support move to 1160 1164

attack with lower vol