The Dow Jones Industrial: Bank of America Corp. (NYSE: BAC) is reducing, as Wal-Mart Stores (NYSE: WMT) is climbing

DJIA seeking salvation in volatile trading

In brief: The Dow Jones Industrial Average remains in the red zone. The Bank of America Corporation (NYSE: BAC) losing value, as Wal-Mart Stores, Inc. (NYSE: WMT) aims higher.

The DJIA is weak today. The Bank of America Corporation (NYSE: BAC) was 13.63 points, losing -0.28 (-2.01%) yesterday. Bank of America Corporation is 13.44 points, losing -0.19 (-1.39%) during today’s Pre-market trading. Wal-Mart Stores, Inc. (NYSE: WMT) is a mark of 52.22 points, gaining +0.16 (0.31%).

U.S. stock market events unfolded, we can say the standard way. At the beginning of the session index The Dow Jones Industrial and the Average S & P futures sharply ran down, but quickly managed to recover. For example, the Dow has once again tested the level of 10 700, but in “bulls” again lacked the strength to break this mark. As a result, the daily chart formed another candle in a horizontal row with the previous candles. It would seem that the market standstill and there is no any significant changes. But at night S & P futures began to fall that lasted at least until noon, pulling down and the Russian market. At a reducible graph corresponds to the last candle of events the morning of 11 August. From a technical standpoint, the market has reached a key point: the last candle is located at the lower boundary watch the channel where, incidentally, passes and moving average EMA (10), which also plays a supporting role. It is the question of whether the market will develop up or pierce uplink. Moving down to the nearest may be the level corresponding to the July minimum (about 1060 for the futures contract on the index S & P).

Igor Tringlers
2010-08-11 12:06, Economics.

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