CNBC.com December 17, 2005 08:23 AM ETDow's glide to 11,000 looks smooth
by ShepWave.com
Posted: 12/17/2005 13:54 EST
NEW YORK (Reuters) - Investors will sort through data on housing, durable goods and inflation plus earnings from companies like FedEx Corp. and Morgan Stanley next week, but none are expected to pack enough punch to undo the year's gains and derail Dow's push toward 11,000.
And as usual, the market will keep a close watch on the price of crude oil, which closed solidly below $60 a barrel on Friday, easing concerns that high energy costs will pinch corporate and household budgets.
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| Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA. |
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