Dow update...Be cautious in placing stop loss order

Dow closed flat... If you care fully observe last 10 candles...Two large blue candles are indicating that move was created by operators to trigger stop loss orders of small traders / investors...because close observation reveals that generally every one follows a rule in positioning sl that place sl below 50 period MA...and here they moved index below 50 period MA to trigger sl and in minutes after they did ... market was trading above 50 MA ...
Be cautious
care fully place the stop loss if u are interested in it ...else avoid it ...

Stocks finished flat on Wednesday as cautious comments from FedEx  and weak housing market data overshadowed a surge in industrial production.

Investors were caught off guard after package company FedEx Corp , deemed an economic bellwether because it serves a wide range of industries, said higher costs would constrain 2011 earnings. FedEx shares slid 6 percent to $78.07.

The U.S. government said housing starts fell more than expected in May, underscoring the uneven nature of the economic recovery and casting a shadow over better-than-expected industrial production data for the same month.

The market's slow churn kept the S&P 500 above its 200-day moving average a day after the index exceeded that level for the first time in a month. Investors took that as a positive signal because they view the 200-day average as an important momentum indicator.

"Essentially, the market has held on to yesterday's gains and you have to call that encouraging," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.

The Dow Jones industrial average  added 4.69 points, or 0.05 percent, to 10,409.46. The Standard & Poor's 500 Index  edged down just 0.62 of a point, or 0.06 percent, to 1,114.61. And the Nasdaq Composite Index inched up just 0.05 of a point, or 0.00 percent, to 2,305.93.

Wednesday's session left the Dow and the S&P 500 just below the break-even point for the year, while the Nasdaq is up 1.6 percent for 2010.

source...http://finance.yahoo.com/news/Wall-Street-ends-flat-on-rb-2202738267.html?x=0&.v=15

Index Value:	10,409.46
Trade Time:	4:02PM EDT
Change:	4.69 (0.05%)
Prev Close:	10,404.77
Open:	10,404.24
Day's Range:	10,332.60 - 10,429.03
52wk Range:	8,057.57 - 11,309.00