This blog is committed to the serious study and valid understanding of technical analysis and its objective application to stock selection, risk management and execution primarily in the context of trading stocks listed in the Philippine Stock Exchange (PSE).

Friday, February 8, 2008

DJIA, 2/7/08


PRICE AND TURNOVER
Close: 12,247.00
Change: +46.90 +(0.38%)
Volume: 840,007,872

MARKET BREADTH (NYSE)
Net adv/dec issues: +887
Net new highs/lows: -84
Net up/dn volume: +1,197,347,234

The Dow closes a bit higher after spending most of the day within the 12250 and 12150 levels. It briefly manages to climb above 12250 in early afternoon trading but quickly retreats to the range. Neither buyers nor sellers appear to be in control of the trading session.

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