29 Feb '12, 4am

US Consumer confidence is high, what’s next?

US Consumer confidence is high, what’s next? by Patrick See on February 29, 2012 As you probably know, the US indexes closed ABOVE psychological resistance last night. The Dow closed at 13005.10; S&P500 closes 1372.18 while the NASDAQ closed 2986.76. There were 3 economic data released last night · Durable orders at -4.0% vs. -1.4% expected; Durable Orders ex Transportation at -3.2% vs. 0.2% expected. This is very negative · Case Shiller 20 city index at -4.0% vs. -3.6% expected. Another weak data. · Consumer confidence at 70.8 vs. 62.5. And the market focused on the Consumer confidence data, overshadowing the weak… Read more → Related posts:Daily Comment on the US and SG market (26/05/2011) consumer confidence here hits 2-year low Soft economic data is bullish for stock market

Full article: http://thefinance.sg/2012/02/29/us-consumer-confidence-is...

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