March 13, 2009 Briefing.com:
Dow jones rally up quite significant last night (+239.66) due to retail sales is better than expected, increasing 7% in february. Also, Standard and Poors downgraded General Electric (GE 9.57, +1.08) to AA+ from AAA, in which is expected by analysts since the performance of this stock is tank around 90% since 2008.
Financial sector is showing the good performance since Bank of America (BAC) affirmed that its business make profit in the first two months of this year and it believes that it will not need a government help for the bailout.
As we know that news drive the market whether market is up or down on that day and if we take a look at INDU chart is showing that it might be market constipate for few days before break above or break below.
Is this the time for trader to enter the market?
To learn more how to make consistently profit on bearish market
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