Stock Market Summary - July 12 2010
The Dow Jones Industrial Average had a sideways day today waiting on earnings season to begin. Alcoa reported after the bell better than expected earnings. This may help the markets on Tuesday.
The Dow Jones is still within a Head and Shoulders stock chart pattern. The DJIA would have to close above the Right Shoulder of the head and shoulders pattern to invalidate. A drop below the neckline (DJIA 9,700 could signal the index dropping to a target price of 8,600.
Leave a Comment
If you would like to make a comment, please fill out the form below.
You must be logged in to post a comment.
Recent Comments