By Josh Hayes on April 3, 2007
Possible good news out of Iran over the release of the 15 hostages, oil prices falling 2% to $64.64 as the result of the possible release, positive foreign market gains in Europe and Asia, and positive news from the housing market was just what the market needed, as stocks gapped higher, held the gains, and [...]
Posted in default category | Tagged accumulation distribution, crowd, divergence, djia, downside, hod, hostages, housing market, indexes, Nasdaq, NYSE, oil prices, sp 500 |
By Josh Hayes on February 1, 2007
Investors were definitely happy to see the Fed leave rates unchanged–even though I am not sure what else they were expecting–and rewarded the stock market with gains across the board. The Fed stated that core pricing pressure subsided, which relieved inflation concerns, and stated that economic growth was firmer and the housing market has stabilized. [...]
Posted in default category | Tagged breadth, consumer confidence, djia, economic growth, housing market, Nasdaq, nassy, NYSE, s trading, service group, small caps, sp 500, stock market, transportation service, wishful thinking |
By Josh Hayes on December 12, 2006
Stocks started the day pretty calm and soon gave way to some very rapid selling that dropped the indexes hard to their lows of the day; the Nasdaq fell as much as 1%. However, stocks found strong support on that selling and after the FOMC announcement stocks worked higher finishing well off the lows. Overall, [...]
Posted in default category | Tagged bad day, bad news, breadth, djia, economic growth, fed rate, housing market, lacker, last breath, lows, Nasdaq, NYSE, sp 500, steel products, straight time |
