Thursday, December 15, 2011

Daily DJIA: Downside Bias As Technical Indicators Are Worsening

Wall Street recap: Dow Jones drops 131 points, its 4th decline in five sessions
The Dow Jones slid for a third day and hit its lowest level in two weeks amid widespread risk aversion that sent commodity prices tumbling, drove the euro to its lowest in a year and forced Italy to pay a euro-era high to sell debt.

The Italian sovereign debt auction saw the euro zone's 3rd largest economy pay a euro era record yield of 6.47% to sell five year paper, following the EU summit that tried to move towards greater fiscal integration last week.

Daily DJIA: Downside Bias As Technical Indicators Are Worsening
DowJones15-12-2011



Source: HLIB Research

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