Monday, February 7, 2011

Daily Dow Jones Is Upside Bias Until RSI Reaches Above 85, 07-02-2011

Dow up 69 points, gaining for the sixth straight days. Wall Street climbed higher on Monday as the market got a lift from a stream of deals, corporate earnings and strong December consumer credit at US$6.1 billion (November: US$2 billion).

Sentiment was also boosted by easing anxiety in Egypt as certain economic activity resumed in Egypt and opposition parties met with the government over the weekend.

The Dow closed up 69 points to 12161.6, its highest close since June 2008. Key results and economic reports this week are Walt Disney and Cisco (8 February), Coca-Cola (9 February), Kraft (10 February), as well as Dec trade deficit and February consumer sentiment (11 February).

Daily Dow Jones Is Upside Bias Until RSI Reaches Above 85.
DowJones08-02-2011

Source: StockCharts.com

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
 
Business