Tuesday, June 14, 2011

Daily Dow Jones Critical Neckline Support Is Near 11600, 14-06-2011

Wall Street outlook: Dow Jones ends flat in a choppy session
Dow Jones rose as much as 59 points intraday as a pickup in takeovers boosted sentiment. However, it dropped as much as 34 points and ended +1 point, as another downgrade of Greece's credit rating to CCC by S&P offset gains from a flurry of M&A activities, ahead of a handful of key economic news (e.g. China’s CPI, U.S. retail sales and IPI reports) and the debate on Capitol Hill over raising the US debt ceiling this week.

The downgrade also came as the European Central Bank and German remain at odds over investors’ role in the second Greek rescue in 14 months.

Daily Dow Jones Critical Neckline Support Is Near 11600

Source: StockCharts.com

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