The futures are on fire this morning. I don’t know if that’s due to the M&A activity or people just fading Greenspan. Whatever the reason, the market’s already reclaimed all of Friday’s losses. So the Dow’s trendline is safe for now… On Today’s Calendar: 10:00 — Existing Home Sales More Calendars: U.S. Earnings | Conf. [...]
Posted by 25 February 2007
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Posted by 24 February 2007
Feb. 23, 2007 Stock Market Recap
The major indices sank in unison on Friday. They were all down between 0.3% and 0.4%. It was a relatively quiet session that brought the Dow and S&P 500 back to technically important levels. The Dow pulled back about 150 points from its mid-week high and is approaching a couple of trendlines. This could be [...]
Posted by 23 February 2007
Pleasures of POT
Michelle B submits: Estocastica described his trade in MCO yesterday. From noon to 2 P.M., MCO traded in a very tight price range which was essentially a bear flag. This bear flag inclined into the descending 15 minute 20 sma on low volume until shortly before 2 P.M. when the volume picked up a bit, [...]
Posted by 23 February 2007
