Stock Market Closing Prices - 2/16/10
Dow Jones Industrial Average ( DJIA ) Close - 10268.81 Up 169.67
Nasdaq Stock Market Close - 2214.19 Up 30.66
S&P 500 Close - 1094.87 Up 19.36
http://dowjonesclose.com
Libor Rates - 2/16/10 - Mortgage Rates
Commodities Closing Prices - 2/16/10
Gold Close - 1120
Oil Close - 77.12
Natural Gas Close - 5.35
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The Dow Jones Industrial Average closed at 10269 on 2/16/10, as the stock market soared on strength out of the commodities market. The Dow Jones Futures were up around 70 points in pre market and when the stock market opened, Gold and Oil prices soared. We also saw major buying in the financials which is very bullish!
The Dow Jones is now trading between at the top end of the resistance zone located between 10,200 - 10,300. I also see resistance at the 50 day moving average (10,377 ). If the Dow Jones can close above this level, we could see a massive short squeeze and run back to retest 10,600 and maybe even the recent highs.
Check out some events I will be watching for Wednesday. Also, check out my stocks to watch report for tomorrow.
I will have technical analysis of the stock market - Right Here
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