Monday, January 30, 2012

Daily Dow Jones: A Breakdown Below 10-Days SMA & Mid Bollinger Band Supports Will Spur More Selldown

Wall Street review: Dow Jones drops 74 points on weak 4Q11 GDP and home sales
After tumbling as much as 104 points, the Dow Jones end 74 points lower to 12660. The decline was triggered by a weaker-than-expected 4Q11 GDP report and persistent anxiety looming over Greece’s ongoing negotiations with private-sector creditors in an attempt to reduce its debt burden. Without an agreement, the country jeopardizes its access to bailout funds and might not be able to make a €14 billion debt payment that is due on 20 March.

Sentiment was also dampened by Fitch’s downgraded of the sovereign debt ratings of five European countries, including Italy and Spain, which took the biggest hits.

Daily Dow Jones: A Breakdown Below 10-Days SMA & Mid Bollinger Band Supports Will Spur More Selldown
DowJones30-01-2012



Source: StockCharts.com

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...
 
Business