By Josh Hayes on March 26, 2007
Stocks started the day pretty drift-less the first half hour, but soon the excitement started. After a report on new-homes sales falling 3.9% to 848k in February to new seven year lows (June 2000), a report on the months supply of homes on the market rising to 8.1 months which is a 16 yr high [...]
Posted in default category | Tagged 1 billion, breadth, djia, drift, excitement, half hour, lows, nasdaq 100, NYSE, rallies, sp 500 |
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 |
