Market Rally Confirmed
The market bounced today with some nice gains on heavier volume. The S&P 500 finished the day up +1.97% on heavier volume, which counts as a follow-through day. This means a new market rally has been confirmed today using IBD rules. That’s right, with a banking meltdown in progress and the possible end […]
Today was a quiet day on the market. No wild swings in the major indexes today and volume was low. Nobody seems to know what’s going to happen next. All eyes are on the government bailout package.
President Bush addressed the economy this evening; warning of dire consequences if a government bailout isn’t approved. Bernake and […]
Today as a very volatile day in the market, and ended with another big down day for the major indexes. The market is very concerned about the government banking bailout, and it looks like the buyout is going to face some scrutiny in the senate.
One piece of news that came out late today that could […]
