Thursday, March 1, 2012

Daily Dow Jones - Likely To Consolidate Above The 30-Days SMA

Wall Street Recap: Dow Jones inches up 28 points from as much as 81 points
The Dow Jones jumped as much as 81 points to 13033 following a 4-year low weekly jobless claims report and personal income and spending coupled with a rally in banking shares. Bank shares rose in anticipation that the ECB’s massive liquidity injection
would ease the region's banking system and credit markets, and in time, will be positive for the European economy.

Nevertheless, the gains reduced to only 28 points amid a weak February ISM report and sharp gains in oil prices on unconfirmed report of an explosion in an unknown Saudi oil pipeline.

Daily Dow Jones - Likely To Consolidate Above The 30-Days SMA
DowJones02-03-2012



Source: StockCharts.com

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