Monday, July 18, 2011

Daily Dow Jones: A Break Below Up-Trend-Line Supports Near 12346(S1) Will Trigger Further Selldown Towards 12000(S), 19-07-2011

Wall Street recap: Dow Jones drops 95 points, recovering from -184 points intraday
The Dow Jones tumbled as much as 184 points before ending 95 points lower to 12385, as investors worried about Europe’s debt crisis and the debate over lifting the U.S. debt ceiling ahead of a big week for corporate result. Sentiment was also dampened following a much-hyped capital stress test in Europe that failed to dispel fears about the impact of the regional debt crisis.

Overall, the longer the debt ceiling debate remains unresolved, the bigger the risk for further declines in stocks and a spike in volatility. The volatility index continued to surge as high as 21.95 before ending +7.3% to 21.93, despite climbing over 20% wow.

After the bell, IBM 2Q11 results topped estimates and raised its guidance for 2011.

Daily Dow Jones: A Break Below Up-Trend-Line Supports Near 12346(S1) Will Trigger Further Selldown Towards 12000(S)
DowJones19-07-2011


Source: StockCharts.com

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
 
Business