A tale of 2 markets -the DOW and the S&P 500 hit new 'all time highs' this week, while the Nasdaq still has a looong way to go before it gets back up to the 2000 highs! In general though, not much action in the US markets this past week. Quarterly earnings reports start coming in this week and should start moving the market in one direction or the other.
The Chinese stocks are still on fire -here is a look at the Hang Seng index, and the ETF (Exchange Traded Fund) for the China market (FXI) -are we in bubble territory?
Also, as the US Dollar drops, Oil gets more expensive; so does Gold. Oil surpassed $84/barrel this week.
Stock Market, stocks this week, earnings week
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- 123Trader
- I've been trading stocks on-line since 1993. I started off like most people knowing very little about the market, but I have since traded Stocks, ETFs, Options, Forex, Futures and Commodities. I now mostly trade Options. I primarily use charts to analyze price movements, but I avoid using a lot of technical indicators. My primary indicators are Trendlines, Support & Resistance, and sometimes MACD extremes and Volume. I may hold positions anywhere from a few days to weeks, or months, as long as the trade continues in the right direction. Happy trading to all!
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