Tuesday, August 04, 2009

Dow ...9,320.19 ...+33.63 (0.36%)
S&P 500 ..1,005.65 ..+3.02 (0.30%)
Nasdaq ...2,011.31 ...+2.70 (0.13%)

Home Sales Rise For Fifth Straight Month
US Stocks Move Slightly Lower Despite Gain In Financials
American Incomes Head Down, Threatening Recovery in Spending
Consumer spending rises; savings, income sink
June consumer spending, pending home sales rise
Gold Reaches Two-Month High
US gold rises above $970 on weak dlr, risk appetite
Gold May Drop as Dollar Recovers Against Basket of Currencies
Spending inches up in June, despite income drop
Stocks fluctuate as investors try to extend rally
Oil rally stalls in face of better economic data

Well, along with the economy data revealed good enough, the index climb new high everyday. it shows strong signal bull market, so everytime when the index dip there are many traders jumped in to buy and form a short term support.
As long as no surprise data on the economy side, the market has strong desire to go higher.

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