Wednesday, March 30, 2011

Dow Jones Has More Sideways Trade Around Mid Bollinger Band, 30-03-2011

On Wall Street, the Dow Jones added 81 points after dipping 24 points intraday.

The Dow eased 24 points in the early session amid persistent fall in home prices, uncertainty in Japan’s nuclear crisis and S&P downgrades on Portugal and Greece credit ratings.

However, the Dow jumped 81 points to end at 12279 amid a smaller-than-expected decline in March consumer confidence and a rally in telecom stocks in anticipation of a consolidation in the sector. Investors are also optimistic that incoming economic data such as ADP employment (30 March), nonfarm payroll and ISM (1 April) will show further signs of a strengthening economy.

Dow Jones Has More Sideways Trade Around Mid Bollinger Band.
DowJones30-03-2011


Source: StockCharts.com

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