The market moved up nicely this week, gaining almost 400 points on the DOW, after comments from the Fed indicate another rate cut might be in the works. Lets see if the market can keep going on the upside.
The US Dollar finally started to regain some ground this week, causing Gold to fall below $785 and Oil to drop below $90. Meanwhile, the Housing woes continue.
Next week we may see the uptrend continue in the market, though from a technical perspective the charts seem to indicate a false rally.
News stories:
Hope grows for a half-point cut
Don't look now: Here comes the recession
Citibank Receives Emergency Cash Injection
Desperate Citigroup looks East for cash
Dell Reports Revenue of $15.6 Billion in Q3
Bank stocks: Buyer beware
October foreclosure filings surge
Supply of homes on market at 22-year high
Housing Slump's Third Year to Be `Deepest' Since WWII
Number of Americans on unemployment nears two-year high
Stock Market, stocks this week, earnings week
Posts
Debt
Visit USADebtClock.com to learn more!
Blogs of interest
Blog Archive
About Me
- 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!
No comments:
Post a Comment