For the past quarter in 2012, Dow Jones Industrial has seen a steady upward price momentum with key indicators also ticking up. Nevertheless, the volume has not been too comforting, coupled with much in-decisiveness depicted in wide weekly range swings and doji formations. Interestingly, the DJ Financial Index has been a big laggard against the general DJI components. It is…
Tag: Dow Jones Industrial
Dow Jones Industrial & Nasdaq index hit brakes in light of poor US Jobs statistics – More correction to come | Technical Analysis | US Stock Markets
On Fri (4th May), the US Bureau of Labor Statistics showed that the U.S. economy created just 115,000 jobs in April as hiring slacked off for a second straight month. Job growth in the last two months has been cut almost in half compared to the winter months of December through February, suggesting businesses may have turned cautious again The…
Dow Jones Industrial Average Index $INDU – consolidation phase | Take profit and await re-entry | US Stock Market
It is no doubt the US economy is heading towards the needed recovery as seen by the published macroeconomics data since the past 2 months. Just yesterday (13th Jan 2012), the US consumer-sentiment index reached 74 in the preliminary reading for January, compared with 69.9 in December. Jobs growth reached 200,000 in December, 4.7% higher than the prior year.Mortgage rates…
Worldwide stock markets rebound on good summit news. Bear relief or resume of last bull run? | Market Analysis
US stocks climbed and treasuries tumbled on last Thursday after the second EU summit in six days of talks ended in Brussels with European governments boosting their rescue fund to 1 trillion euros. Europe’s latest effort to contain the euro zone’s two-year-old debt crisis won applause from financial markets. It includes a commitment by banks and other private bondholders to accept…
Apple stock (AAPL), Dow Jones Industrial, Nasdaq Composite are reaching key resistance – buy into strength or take profits? | US Stock Markets
This week is fraught will series of uncertainties – Greece default issues, S&P’s downgrade of Italy credit ratings, strengthening of USD as a safe haven etc. This has resulted an increased volatility in stock prices. But are we at the bottom of the movements for some bargain hunting? Or its the calm before another storm? Dow Jones Industrial Average The…
Multi week lows for major stock markets – Dow Jones Industrial, Nasdaq, Straits Times Indices with soft USD $ | Technical Analysis | US Stock & Currency Markets
The market is still digesting that there’s been a softening in economic growth in the U.S. and other parts of the world. This is not surprising as there are signs of bearish divergences in most of the indices technical chartings. The six-week losing period, which has knocked 6.7% from the Dow, is the longest stretch since October 4, 2002, when…
New weakness in bourses, new lows in Technical charts | Nasdaq, Dow Jones Industrial, Volatility Index | US Stock Market
For the week ending last Friday, most bourse indices has hit significant weeks low and US stock indices were down for consecutive 5 trading days on the backdrop of weak US & China economic data. Further downgrades of Greece by S&P added further anxiety among investors. Dow Jones Industrial index has breached the 2 important Moving averages and it should…