Dow Jones prediction may 22 2012

Dow Jones prediction may 22 2012 : U.S. stocks rose more than 1 percent on Monday, with the S&P 500 snapping a six-day losing streak in a rebound from equities' biggest weekly drop in almost six months, but Facebook slumped in its second session after a disappointing debut. Tech shares were among the day's biggest gainers, with an S&P sector index surging 2.8 percent on the strength of Apple Inc.

The Dow Jones industrial average jumped 135.10 points, or 1.09 percent, to 12,504.48 at the close. The Standard & Poor's 500 Index climbed 20.77 points, or 1.60 percent, to 1,315.99. The Nasdaq Composite Index rose 68.42 points, or 2.46 percent, to close at 2,847.21.

Sentiment improved after G8 leaders gave verbal backing for Greece to stay in the euro and stressed over the weekend that their "imperative is to promote growth and jobs." Greece is expected to hold elections after the country was unable to form a government following its most recent elections.

Dow Jones prediction may 22 2012

Today's support:
- 12452.72, 12375.80, 12341.22 and 12318.72(main), where a delay and correction may happen. Break of the latter will give 12301.80, where correction also can be. Then follows 12276.50. Be there a strong impulse, we shall see 12252.30. Continuation will bring 12400.00.

Today's resistance:
- 12532.50, 12557.77, 12610.20 and 12656.06(main), where a delay and correction may happen. Break would bring 12682.24, where a correction may happen. Then follows 12743.80, where a delay and correction could also be. Be there a strong impulse, we'd see 12791.20. Continuation would bring 12823.35.

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