A trader works on the floor of the New York Stock Exchange during the afternoon of February 13, 2015 in New York City. The Dow Jones Industrial Average closed above 18,000 points for the first time in market history
$FB has continued its slide on Nasdaw, settling at $31 per share, that’s down nearly 18.5% on its initial price. Biggest loser today is Burberry, falling 5.1% – investors may be worried by the economic slowdown in emerging markets such as China. FTSE 100 Index has opened down 61 points, or around 1.2%, CAC was down 1.4% at 3041 and the DAX down 1.3% at 6353. The Dow Jones closed at a just over 1.5 points loss at 12502
05/09 Dow Jones turns bullish again. The index reversed to a bullish mode and yesterday saw a failure to break above the high. This causes a difficult trading situation as now the Dow Jones would need to either break above 13095 to move higher or if the index trades sharply lower today and creates another bearish trend bar then once again the opportunity arises for the bears to take over. It is also important for the bears to keep the index below 13060 on a closing basis.