Thursday, February 25, 2010

S&P500 & Dollar


New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.News from the Health Summit & Bernanke's testimony are weighing on the markets today. In the chart below the downside to the S&P500 is around 1065. For the dollar, it is still finding the 81 level tough resistance.

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