Wednesday, December 14, 2011

Daily DJIA: Downside Bias Amid Weakening Technicals

Wall Street recap: Dow Jones drops 66 points to 11955 amid fed disappointment
Against a weak growth in Nov retail sales, the Dow Jones jumped as much as 126 points following a better-than-expected Spain bonds auctions and Germany investor confidence report.

However, the Dow Jones cancelled all gains and dropped 66 points to end below 12k after German Chancellor Angela Merkel again rejected any increases in the bailout fund for European sovereign debt and the Fed delivered little hope that it would turn on the easing spigots anytime soon.

Daily DJIA: Downside Bias Amid Weakening Technicals
DowJones14-12-2011



Source: StockCharts.com

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