DJIA rebound

like what we mentioned last Sunday for this week's DJIA forecast.
Market were oversold and the good news has lifted the market.
last night DJIA rebounded above 12000 level and closed at 12076 (+123.14 pts, 1.03%).
Next Resistance 12300.

Last night,
8:30pm PPI rose 0.2%, above market forecast / consensus 0.1%, down from previous 0.8%.
** PPI = Producer Price Index; Also called as Whole Sale Prices
Change in the price of finished goods and services sold by producers.

8:30pm Retail Sales slumped -0.2%, above market forecast of -0.3%,
** Retail Sales = Change in the total value of sales at the retail level;

Major economic data release
Wednesday 9:00pm TIC Long Term Purchase
Thursday 8:30pm Building Permit & Unemployment Claims
Thursday 10pm Philly Fed Manufacturing Index
Friday 9:55am Prelim UoM Consumer Sentiment

Read:
PPI - Bloomberg
Retail Sale - Bloomberg

Related:
DJIA and Nasdaq 100 on 13-June-2011