Wednesday, July 7, 2010

Last candle pulled Dow in green zone

Two terms frequently used in markets...Profit booking and short covering and both are related to human nature and psychology .Planning / greed and fear of loss are the factors effecting both the moves .. these two I noticed here ..

The service sectors of the U.S. economy continued to grow in June but at a slower pace, according to a survey of companies released Tuesday by the Institute for Supply Management.
The ISM nonmanufacturing index fell to 53.8% last month after holding at 55.4% for the past three months.
This is the lowest level since February.
Economists surveyed by MarketWatch had expected the ISM index for June to decline to a reading of 54.5%. Read calendar of all major U.S. indicators

Index Value:9,743.62
Trade Time:4:02PM EDT
Change:Up 57.14 (0.59%)
Prev Close:9,686.48
Open:9,689.21
Day's Range:9,659.01 - 9,858.13
52wk Range:8,057.57 - 11,309.00

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