Tuesday, March 12, 2013

DJIA on Tue 12-Mar-2013

Hiring Picked up in February, the U.S. economy added 236,000 jobs in February; unemployement rate down to lowest level (7.7%) since December 2008.  The increase in jobs and decrease in the unemployment rate were better than expected.

Within this 30 minutes of NFP report, market swing and it was thrilling seeing the actions.

Tuesday 12-Mar-2013

Sorry for being late posting my forecast.  Market has reached higher and currently trading at 14,444 pts; market is trending higher and stochastic is high but no signal of turning down.

Next Target for DJIA: 14,550 pts, 14,700 pts.

Current Support 14,300 pts

Strong Support 14,200 pts

Today’s setup: Initial shadow long, enter Long at 14,420 pts, SL 13,390 pts, TG 14,550 pts / close EOD.

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