The Dow trades higher for 2 successive days signalling an end to the corrective wave and the probable resumption of the directional mode within the advancing minor trend.
=== PRICE AND TURNOVER ===
Close: 12,992.66
Change: +94.28 (0.73%)
Volume: 638.8M
=== MARKET BREADTH ===
Net Advancing Issues: +1398
Net New Highs: +35
Net Up Volume: +2,150,741,004
=== TECHNICAL ANALYSIS ===
MAJOR CONSOLIDATION * INTERMEDIATE DOWNTREND * MINOR UPTREND : Directional wave | Prior support 12715 | Prior resistance 13132 | Price objective: 13132 |
=== MARKET SUMMARY, EARNINGS REPORTS & ECONOMIC DATA ===
Stocks Rally to the Finish Line; Techs Lead|CNBC.com|15 May 2008 | 04:38 PM ET
US Economy Is Still Weak But Not As Bad As Feared|CNBC.com | 15 May 2008 | 11:29 AM ET
Home builder sentiment nears record low in May|Reuters| May 15, 2:11 pm ET
Oil Prices End Down at $124.12|Reuters | 15 May 2008 | 05:21 PM ET
=== PRICE AND TURNOVER ===
Close: 12,992.66
Change: +94.28 (0.73%)
Volume: 638.8M
=== MARKET BREADTH ===
Net Advancing Issues: +1398
Net New Highs: +35
Net Up Volume: +2,150,741,004
=== TECHNICAL ANALYSIS ===
MAJOR CONSOLIDATION * INTERMEDIATE DOWNTREND * MINOR UPTREND : Directional wave | Prior support 12715 | Prior resistance 13132 | Price objective: 13132 |
=== MARKET SUMMARY, EARNINGS REPORTS & ECONOMIC DATA ===
Stocks Rally to the Finish Line; Techs Lead|CNBC.com|15 May 2008 | 04:38 PM ET
US Economy Is Still Weak But Not As Bad As Feared|CNBC.com | 15 May 2008 | 11:29 AM ET
Home builder sentiment nears record low in May|Reuters| May 15, 2:11 pm ET
Oil Prices End Down at $124.12|Reuters | 15 May 2008 | 05:21 PM ET
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