Market commentary August 02

The Dow Jones Industrial Average index

Aug 02 Open: 12129.77 Large: 12130.30 Low: 11865.56 Close: 11866.62 Change:-265.87 (-%) of 2.19 RSI: 27 : The MACD-58 Strategy: in US stocks closed sales after another spree as the players became cautious despite the increase in the debt of the stability pact. The market is showing signs of tired to get around the current level and acted in breach of the already-less than 200 MA working day of the crucial support of Dow. Overview: As the nine pins on Us stocks fell after the aggressive short selling for a loss, the largest post operators may one session after the summer and, secondly, because the rise of the investor's 2008 credit crisis worries about the Federal deficit, the cuts on Tuesday. Dow Jones Industrial Average fell 265.87 points or 2.19% 11, 866.62. The same extended losses for the eighth consecutive day.: Dow The S & P 500 and became negative in the year and closed 32.89 points, or 2.6% 1, 254.05. The Nasdaq Composite index also fell, or 2.75% of the points of 75.37 2, 669.24. Dow components closed the same day, and the fresh losses covered the 10 areas. Energy-2, 7%, Financials-2,8%, Industrials, materials 2.9%-3.4%, Consumer Discretionary 3,7% had significant areas in which to lose during the session. Components of the Dow, inter alia, the Pfizer-4.58%, General Electric-4.23%, Home Depot-4.18% and-4.14% had an ISO technologies, most prominently the vapour, stocks lost. In spite of the heavy damage to the market just ended the battle more than the maximum amount of the debt of the United States Hiking, which means the Government avoided default. Investors gave the weight of the United States badly in predicting. The losses in stocks will be installed when the Senate, 74-26 vote, approved the proposal to raise $ 14.3 trillion debt limit, the maximum of 2.4 trillion $ in two stages. Short sales became more aggressive body, such as the Dow dropped to less than 200 days, the level of support in the crucial EMA. In earlier versions of the Commerce Department reported consumer spending their trimmed almost two years, for the first time in June. Increased by 0.1% in June, while personal income, the report suggested that consumers may have slashed their spendings of 0,2% a month. Shares, the EMPLOYEES of the Euronext decreased by 5%. Stock exchange operator posted a 19 percent drop in profit in the second quarter. General Motors said its sales in July rose by , auto-7.6%, which was, in most cases, in accordance with the expectations of analysts. Shares were, however, lays down 3.6%. Pfizer stock slipped while 4,5% of the pharmaceutical Maker posted earnings and sales that slightly beat expectations but fell to a year earlier. Gold Futures December delivery closed $ 1 record $, ounces is available at: 22.80 644.50.

The dollar regained its foothold in relation to the euro, Japanese yen and British pound.

Oil has fallen in the delivery of the September $ 93.44-1.43.

Days ahead

Wednesday EIA Petroleum status of job cuts in the ISM Non Challenger Mfg index of employment in the ADP REPORT of July

.. thanks, you've shown me ... and my confidence in the business.

artist (s): Larry Swing
Larry@mrswing.com
Perhaps the swing with you ...

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