Market commentary June 17

Dow Jones industrial average

17 June

Opening: 11962.66

High: 89 12072.

Low: 11962.51

Close: 12004.36

Changed: + 42.84 (payroll employees%)

Rsi: 33 MACD:-144Strategy: markets closed with fresh gains yet again after some fresh hopes of agreement on the second bailout package offered in Greece has been improved, which brought relief to the markets of the rally. However, the market shows signs of fighting near 12,000 points.

Overview: Stocks at MAS gained for the second consecutive day on a relief as betting a bailout package offered in Greece has been improved, and a sharp decline in oil prices helped Dow close the week with gains after two and a half months near by.

The Dow Jones industrial average advanced 4.84 points or 0.33 per cent, to close at 12,004.36. The S and P 500 gained 4 points, or 0.3 percent, to 1,271.50, ending the week virtually flat. The tech-heavy Nasdaq composite however fell again by about 7 percentage points, or 0.3%, to 2,616.

The upheavals among the components of the Dow to push markets higher included Microsoft travellers 1,12%, 1.1%, JP Morgan 1.09% and IBM 1.09%.

The losers among the Dow components included Intel-1.07%, Cisco-0.53%, Alcoa-0.47% and Chevron-0.26%.

A total size of 23 Dow components advanced in the session, as well as for the other seven score.

Financials (+ 0.9%), Telecom (+ 0.8%), consumer discretionary (+ 0.7%) and consumer staples (+ 0.6%) areas remained in the spotlight.

The Greece bailout continued to watch movements as mode changes in the attitude of the participants in the EU. The Greece called a new Finance Minister and a former Defense Minister said would replace George as Minister of finance.

Meanwhile, German Chancellor Merkel ensured Andrea away from its previous statement that private banks be required to help bail out Greece's economy.

Another world economy related news, Moody's said a prison for a downgrade Italy creditworthiness.

The Conference Board's leading economic indicators rose by 0.8% in may, compared with a rise of 0.4% economists had forecasted.

However, data released continued to be mixed, with most recent consumer sentiment drop to 71.8 from over 74 in the previous month, showing confidence shaken in fresh generation of jobs. Analysts had forecasted level consumer sentiment to 73.5.

A M and a new chapter, a late Thursday said it plans to acquire e-banker ING Direct, making it the fifth-largest u.s. Gatherer deposit Bank shares fell by 0.5%.

BankRate.com shares fell 1% public debut. The website economics priced its initial public offering at $ 15 a share.

Deviation of the dollar against the euro, Yen and British pound.

Gold Futures for August delivery rose $ 9.20 at $ 1,529.20 a gram.

However, oil futures continued to exhibit correct and those marked for delivery July he came down from $ 93 a barrel.

The day begins

Monday

Any significant economic indicator

.. thanks for the confidence. you have shown in me and my business.

by Larry Swing
Larry@mrswing.com
Can the crib is with you ...

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