DJIA 0.31% 26,683 dow jones industrials

dow futures down, page-2

  1. 298 Posts.
    The Dow Jones Industrial Average closed more than 2 percent higher, rallying on news that JPMorgan had exceeded earnings expectations. The response is strange as the New York-based bank reported earnings of $2.37 billion — a fall of 50 percent. And the situation would have been far worse but for a $1.5 billion pretax gain from the sale of its share in the recently listed Visa Inc. (Associated Press). We need to remind ourselves that:

    1. this is a bear market;
    2. there is strong overhead resistance at the former
    3. primary support level of 12800;
    sharp rises are typical of a bear market rally — while in a bull market retracements are sharp and prices tend to advance at a more measured pace.






    by colin twiggs
 
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