By Josh Hayes on February 23, 2007
It was another wild session, with an intraday bullish bias, after a weak opening. Thanks to bad news out of Iran (did you expect anything else?) and crude oil rising 1.5% on news that inventories were smaller than expected, big caps suffered. However, some positive action in Semiconductor stocks and news that WFMI is buying [...]
Posted in default category | Tagged big boys, breadth, crude oil, djia, downside, inventories, mrk, Nasdaq, NYSE, oats, semiconductor index, sixth day, sp 500, wfmi |
By Josh Hayes on December 14, 2006
Stocks gained ground off of crude oil rising 2%, drifting with an upward bias on the DJ and downward bias to a green close. The gains in the face of bad news was a clear sign of just how strong this market STILL is.
Posted in default category | Tagged accumulation, bad news, big bopper, breadth, crude oil, djia, indexes, industry group, Nasdaq, NYSE, rally, santa claus, semiconductor index, sp 500 |
By Josh Hayes on December 13, 2006
A gap open in the morning, thanks to some Airline merger news and strong retail sales, soon gave way to some quick selling that took the indexes slightly to the red. After those early morning lows stocks danced around the flat-line area until the final hour when they caught a small bid and managed to [...]
Posted in default category | Tagged breadth, djia, final hour, gap, Nasdaq, NYSE, periodicals, retail sales, semiconductor index, sp 500 |
