Monday, April 25, 2011

Wall Street Outlook: All Eyes On Fed And Earnings, 25-04-2011

The Dow jumped 1.3% wow to 12506 given that out of the 137 results release by S&P 500 companies, about 75% have beat earnings and sales estimates, according to Thomson Reuters.

On top of focusing on the corporate earnings, Wall Street will tune in for Fed's inaugural press conference Wednesday afternoon, after the central bank's two-day FOMC meeting on 26-27 April.

Major upcoming earnings release are 3M/Coca-cola/UPS (26 April), Boeing (27 April), Chevron/Microsoft/Exxon (28 April), Pepsico/P&G (29 April).

Daily Dow Jones Industrial Average Is Upside Bias As Technicals On The Mend And 5-Days SMA Cut Above 10-Days SMA.
DowJones25-04-2011

Weekly DJIA Chart Shows Medium Term Upside Towards 13000 - 13500 Points.
DowJones25-04-2011a

Source: StockCharts.com

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