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 |
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 January 11, 2007
A day of minor volatility gave way to a nice rally after 1pm EST sending all the indexes in a nice solid uptrend into the close. The possible reason for the rally was a left-over feel good effect off the AAPL news in combination with another drop in crude oil. Today’s 3% drop now brings [...]
Posted in default category | Tagged aapl, big boys, breadth, crude oil, dips, djia, dma, nasdaq 100, NYSE, sixth day, sp 500, volatility |
