Stocks booster.

Lower government bond yields and Ben Bernanke's strong defense lift stocks into the close.
Strong demand at the last Treasury debt auction of the week bolstered investor confidence. The government sold $27 billion of seven-year notes, rounding out prior sales of different maturities this week that also came out ahead. The yield on the benchmark ten-year note slid 0.14%, to 3.55%; yields on longer-dated maturities also fell.
Stocks seemed to draw some strength from the lower bond yields, which means cheaper borrowing for both corporations and home buyers.
Tracking the Dow on Thursday,25/06/09.
9:30am:--Mild bearish gap-down.

The final reading for first quarter GDP came in with a 5.5% annualized decline, which is a slight improvement from the 5.7% annualized decline that was previously reported and also below the 5.7% decline that was widely expected.
10:30am:--Retrace to session high with indecision doji.

Fed Chairman Bernanke continues to testify before the house panel.

11:30am:--The ascending soldiers.

Gains in consumer discretionary stocks have enticed buyers to enter the fold and bid the broader market higher.

12:30noon:--A new session high with triple stars spin.

Diversified metals and mining companies are up 4.0%
1:30pm:--The pullback.

The gains upward move by small-caps and mid-caps has been relatively steady. Some volatility had been expected for small-caps ahead of the rebalancing of the Russell 2000 tomorrow.
2:30pm:--Bullish harami.
Despite this afternoon's moderate decline, stocks are still trading with impressive gains. Retailers (+3.3%) remain leaders.
3:30pm:--Graveyard doji with pullback.

In economic data, initial jobless claims for the week ending June 13 totaled 627,000, which is more than expected and up from the previous week. Continuing claims crept up to 6.74 million. Though that is still off of its record high, it exceeded forecasts.

4:00pm:--Bullish ascending inverted hammer.

The bulls are making an attempt to penetrate this month MAV line.
The Dow status is still in a bear rally.

Todate candlestick for the month is a bearish spinning doji.

Pairing with last month's candlestick,we are now at a morning star.

Monday's candle is yet to be covered fully and therafter pierce through the MAV resistance.

By month's end if it forms a bullish hammer,the month's ahead might not look good.