Dow Jones futures outlook June 19 2012

Dow Jones futures outlook June 19 2012 : In the US markets, stocks finished mixed after wavering in a tight range for most of the session as ongoing worries over Spain overshadowed the Greek election outcome. The Dow slipped 0.20%, while the S&P 500 eked out a gain of 0.14% and the Nasdaq gained 0.78%.

Dow Jones Industrial Average was down 0.2% or 25.35 points at 12741.82. Nasdaq Composite gained 0.78% or 22.53 points at 2895.33. Standard & Poor's 500 was up 0.14% or 1.94 points at 1344.78.

In economic data, on the economic front, homebuilder sentiment gained to 29 in June to its highest level in five years. However, the index was still well below 50, implying that more builders view market conditions as poor than favorable. The index has not been above 50 since April 2006.

In economic data to watch out for today, the Fed holds a two-day monetary policy meeting starting today. Chairman Bernanke is likely hold a news conference at the end of the meeting on late Wednesday. Housing starts would also be announced today.

Dow Jones futures outlook June 19 2012
Today's support: -12680.72 and 12656.30(main), where a delay and correction may happen. Break of the latter will give 12628.12, where correction also can be. Then follows 12604.41. Be there a strong impulse, we shall see 12574.20. Continuation will bring 12543.80.

Today's resistance: - 12783.14(main), where a delay and correction may happen. Break would bring 12808.10, where a correction may happen. Then follows 12830.60, where a delay and correction could also be. Be there a strong impulse, we'd see 12857.35. Continuation would bring 12870.00.
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