Tuesday, February 21, 2012

Dow Jones futures outlook feb 22 2012

Dow Jones futures outlook feb 22 2012 ; The Wall Street closed narrowly mixed on Tuesday, with blue-chip Dow Jones industrial average briefly breaking through 13,000, the first time since May 2008.

Eurozone finance ministers agreed early Tuesday to provide a 130-billion-euro bailout to Greece. Also, a private sector bond swap plan is set to be launched this week. Private bondholders will take 53 percent write-down of their bond holdings.

The Dow Jones industrial average gained 15.82 points, or 0.12 percent, at 12,965.69. The Standard &Poor's 500 was up 0.98 points, or 0.07 percent, to 1,362.21. The Nasdaq Composite Index lost 3.21 points, or 0.11 percent, to 2,948.57.

Today's support: - 12909.17, 12884.12 and 12843.10(main), where a delay and correction may happen. Break of the latter will give 12808.13, where correction also can be. Then follows 12771.33. Be there a strong impulse, we shall see 12757.44. Continuation will bring 12738.28.

Today's resistance: - 12981.30(main), where a delay and correction may happen. Break would bring 13007.52, where a correction may happen. Then follows 13047.38, where a delay and correction could also be. Be there a strong impulse, we'd see 13075.50. Continuation would bring 13094.30.

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