By Josh Hayes on February 8, 2007
Stocks started the day off on the right foot, thanks to a good earnings report from CSCO and fantastic news that US productivity grew 3% in the most recent quarter. However, those steady gains were completely wiped out on the DJIA and the SP 500 in the afternoon. And even though the indexes clawed back [...]
Posted in default category | Tagged 3pm, breadth, chat rooms, csco, djia, great news, hod, indexes, Nasdaq, NYSE, oscillators, productivity, rally, sp 500 |
By Josh Hayes on February 1, 2007
Stocks continued to do what they have been doing all week and that is gain ground in the face of the ever growing loud bears. Even with GOOG and DELL trying to knock the market down, the market just keeps on rolling. Yes, I am also hearing a lot of bullish talk but trust me [...]
Posted in default category | Tagged breadth, caution, chat rooms, djia, goog, headway, longs, market rally, Nasdaq, NYSE, sp 500, to3, yesterday today |
By Josh Hayes on January 27, 2007
Stocks started the day off very strong but soon started selling off, after strong durable goods orders, strong new-home sales, and bond yields ticking higher sent signals to traders that the Fed would not be cutting rates any time soon. Thankfully, a rumor of Bank of America and Countrywide Financial merging and more positive earnings [...]
Posted in default category | Tagged bank of america, bias, breadth, chat rooms, closing bell, collapse, countrywide financial, djia, dma, fireworks, indexes, intraday, lows, Nasdaq, negativity, NYSE, sp 500 |
