By Josh Hayes on April 10, 2007
Stock investors returned from a long three-day Easter weekend to a very inactive market. Even though trading was pretty wild, choppy and volatile today, the market still traded in a very narrow range and basically did not move from Thursday’s close.
Posted in default category | Tagged big boys, bni, djia, easter weekend, economist, final hour, moving average, NYSE, private equity, s market, sp 500, stock investors, unemployment rate, warren buffet |
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 March 20, 2007
It was another day of light gains, for the stock market. However, today, had a bit more of a steady bullish bias to it, unlike yesterday, as big-cap indexes closed near their HOD. The good news for stocks came on the back of a better-than-expected housing starts number for February. That number was up 9% [...]
Posted in default category | Tagged accumulation, adza, bad news, breadth, dead cat, djia, hod, lows, moving average, Nasdaq, rallies, sp 500, stock market |
By Josh Hayes on January 23, 2007
Stocks were looking very strong today until an afternoon selloff wiped away almost all of the gains. The sell-off started after news that President Bush stated that he would try to double the Strategic Petroleum Reserve as a hedge to supply disruptions. I interpret this to mean that a conflict with Iran will mean a [...]
Posted in default category | Tagged breadth, disruption, djia, dma, downside, fleets, iranians, moving average, nuclear weapon, NYSE, persian gulf, president bush, sp 500, strategic petroleum reserve |
