Market Gives Some Back
The market gave back some of its gains from the last three days. That’s not surprising after its recent move up. It’s encouraging that volume was low during this sell-off. However, the S&P 500 sits at its 50 MA. Keep a close eye on what it does from here.
Commodities, especially oil, rebounded […]
Market Takes a Rest
As mentioned in yesterdays post, the best thing that this market could do right now is rest. Today it did just that, taking a rest after a 2 day rally. The market withstood some bad news in the morning regarding consumer confidence and housing prices, and managed to close the day higher. […]
NASDAQ Leads Rally
The market did what it was supposed to do today, and that’s rally; albeit on lighter volume. The Nasdaq had an especially good day, closing up over 3%. Tech stocks have been beaten badly, and many of the charts don’t look good, but they are showing signs of life. RIMM looks good here […]
