Thursday, February 2, 2012

Dow Jones Is Holding Well Above Mid Bollinger Band Support

Wall Street review: Dow Jones eases 11 points ahead of the crucial job data
The Dow Jones was locked in a range bound trading band before moderating 11 points at 12705, ahead of the crucial January nonfarm payrolls data tonight.

Despite lower weekly jobless claims and strengthening manufacturing data lately, sentiment was muted as investors digested a cautious economic outlook from the Fed that the economy recovery is frustratingly slow and vulnerable to shocks.

The comments raised speculation that the Fed is willing to take additional steps to support the economy if conditions deteriorate.

Daily Dow Jones - Holding Well Above Mid Bollinger Band Support


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