The futures took a hit due to a worse than expected initial jobless claims report at 8:30. So far it looks like we’re just in for a small pullback as compared to Tuesday’s huge rally. I guess we’ll see how real those gains were based on if the bulls can defend the bulk of that [...]
Posted by 2 April 2008
April 2, 2008 Stock Market Recap
Today was a well deserved consolidation day for the market. The S&P 500 and Nasdaq traded in narrow ranges and closed near unchanged. Volume decreased today, which is just what the bulls should want to see. The indices probed the resistance zones I mentioned last night and I’ll continue to keep an eye on those [...]
Posted by 2 April 2008
Watchlist for April 2, 2008
Posted by 1 April 2008
April 1, 2008 Stock Market Recap
Posted by 1 April 2008
Watchlist for April 1, 2008
We’ve got some strength this morning thanks to folks taking the news of even more write-offs in the financial sector as a bullish sign. Go figure… On Today’s Calendar: 10:00 — Construction Spending 10:00 — ISM Index More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades: Here are [...]
