By Josh Hayes on April 1, 2007
Another wild-yet-boring intraday session came to an end, with stocks going nowhere. The lack of action today is a bit of a surprise, considering all the news items we had to digest. First, we got off to a positive start and continued higher early on, on the back of a bunch of macro news. The [...]
Posted in default category | Tagged bush administration, closing bell, comfort zone, commerce department, core inflation, djia, economic sanction, economic sanctions, NYSE, personal consumption, personal income, purchasing managers index, sp 500 |
By Josh Hayes on April 1, 2007
Another wild-yet-boring intraday session came to an end, with stocks going nowhere. The lack of action today is a bit of a surprise, considering all the news items we had to digest. First, we got off to a positive start and continued higher early on, on the back of a bunch of macro news. The [...]
Posted in default category | Tagged bush administration, closing bell, comfort zone, commerce department, core inflation, djia, economic sanction, economic sanctions, NYSE, personal consumption, personal income, purchasing managers index, sp 500 |
By Josh Hayes on March 2, 2007
Stocks started off the day with a nasty replay of the action on Tuesday. However, stocks found support shortly after and managed to rally to a respectable close, helping rescue trapped longs. Early weakness caused by a selloff in Asian and European markets (China down 2.8%) and inflation worries quickly sent stocks for a loop. [...]
Posted in default category | Tagged bear market, djia, downside, final hour, longs, lows, nassy, NYSE, personal consumption, sixth day, sp 500, target |
