Biz Direct MarketKnowing When To Make A Good Decision

The US equity market has been bullish last month but at a slower pace. In March the DJI increased 17.3 percent on-month but the increase in April is 3.8 percent. The DJI closed at 8025 points on Monday, falling 51.29 points amid declines in the Asian and European markets. The sentiment boost because of improvements in short term economic data in March has started to ease. The DJI failed to break above the intermediate down trend resistance line. The increase in the equity market does not reflect the improvements in the economy as analyst said that the economic recovery is still not within sight. Investors are being more cautious now.

Daily DJI chart as at 27 April 2009 using NextVIEW Advisor. Click on chart for larger view.

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