By Josh Hayes on March 22, 2007
Stocks were boring and dead all day long, until 2:15pm when the Fed announced their decision on interest rates. When that happened, stocks exploded to the upside, destroying shorts in the process. The party was not started based on the decision, as everyone expected rates to stay at 5.25%. The fireworks erupted because the Fed [...]
Posted in default category | Tagged bottoms, djia, fireworks, indexes, interest rates, launch, leadership, moving average, Nasdaq, NYSE, rallies, rally, red flag, sp 500, stocks |
By Josh Hayes on January 29, 2007
Stocks ended mixed, after a wild day of trading, as traders positioned themselves ahead of the Fed meeting. To me, it just showed that the bulls and bears are both being very stubborn here and are evenly matched. At the close, the SP 600 was up .4%, the Nassy finished up .2%, the DJIA ticked [...]
Posted in default category | Tagged basis point, binge, breadth, bulls and bears, djia, fireworks, intraday, knot, Nasdaq, nassy, NYSE, sp 500 |
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 |
