Today, DOW tested its support trend line, and bounce from it, signaling a good strong support.
The candle formed is a bullish hammer to dragonfly doji mix.
There is an upward trend line, and its strength will be determine by tomorrows series of economic news.
Most important: GREECE BAILOUT.
And of course the unemployment report. Currently estimates are at 460000. If report is at 440000, there should be a strong bull market tomorrow. See the Dow Chart for direction.
Resistance: 10080, 10150 and 10200
Support: 10000, 9950, 9880
BULLISH STOCKS:
ALCOA INC AA
BANK OF AMERICA CORP BAC
LAS VEGAS SANDS LVS
MGM MIRAGE MGM
WYNN RESORTS WYNN
CENTURY ALUMINIUM CENX
WELLS FARGO WFC
BEARISH STOCKS:
UNITED STATES STEEL X
SPRINT S
Market is sideways short term, uptrend longer term.
Best stocks play:
ALCOA INC AA $13.15 - $13.9
BANK OF AMERICA BAC $14.5 - $15
LAS VEGAS SANDS LVS $15.6 - $16.9
WYNN RESORTS WYNN $61 - $65
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