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 February 16, 2007
There was plenty of economic data for the market to feast upon, on Thursday. However, neither that or continued testimony by Ben was able to really move stocks one way or the other. Though industrial output fell by the largest amount in 17 months, stocks didn’t mind and were able to close higher across the [...]
Posted in default category | Tagged big boys, bounce, breadth, caps, disappointment, djia, economic data, feast, leadership, momentum, Nasdaq, NYSE, rally, small cap, sp 500, stocks, testimony |
By Josh Hayes on January 13, 2007
On the back of a bullish retail sales report showing December sales rose .9%, stocks scored more gains with the Nasdaq making it five for five this week with positive finishes. The DJIA hit another all-time high and the Nasdaq inched closer to a new six-year high. At the close, the SP 600 led with [...]
Posted in default category | Tagged appetite, breadth, commodity, djia, indexes, leadership, nasdaq 100, nasdaq composite, NYSE, retail sales, screens, sp 500, stocks, transportation technology |
