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SPDR Dow Jones Industrial Average ETF Message Board

  • theodorecaraway theodorecaraway Jul 9, 2010 2:29 PM Flag

    Do you agree bulls have it?

    "The ability of the market to follow-through on the largest one day gain in more than a month is a positive for the bulls. The DJIA has advanced 4.67% this week, an impressive bounce off the lows of 2010 made last Friday and on pace for the best weekly gain in a year. Whether this up move can become anything more than a bounce will likely be decided in the short term at S&P 1100. The resistance level is the S&P 500's 50-day moving average and the key technical barrier looming ahead for the bulls. However, we are unlikely to approach it on Friday/today as traders could be reluctant to hold stocks over the weekend before earnings season begins." Is next week even better?

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