DELL and MRVL are helping to lift the Nasdaq above its 200-day moving average this morning. Let’s see if it can close above that important line… On Today’s Calendar: 9:45 — Chicago PMI 10:00 — Mich Sentiment-Rev. More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:
Posted by 29 May 2008
May 29, 2008 Stock Market Recap
We’re starting to repeat what happened at the end of April when the dollar was rallying and gold dropping. The dollar made it back above its now upward-sloping 50-day moving average. Back on the 18th of this month I wrote about resistance for gold around 950. Well it didn’t quite make it that far. Sellers [...]
Posted by 29 May 2008
Watchlist for May 29, 2008
The futures turned slightly negative after the 8:30 economic data. So were off to a choppy start but maybe the 10:30 oil inventories will give us some direction… On Today’s Calendar: 10:30 — Crude Inventories More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:
Posted by 28 May 2008
May 28, 2008 Stock Market Recap
The early strength gave way to a day of vacillating around unchanged. The indices ended the day up slightly on mildly higher volume. This looks and feels like just an oversold bounce that could peter out at any moment. Trend Table One change today Trend Nasdaq S&P 500 Russell 2000 Long-Term Down Down Down Intermediate [...]
Posted by 28 May 2008
Watchlist for May 28, 2008
We’ve got some strength this morning. The futures were indicating a higher open earlier today and they got an extra boost from the 8:30 Durable Goods Report. Hopefully we’ll get some more volume today… On Today’s Calendar: nothing More Calendars: U.S. Earnings | Conf. Calls | Surprises | IPO | Economic Potential swing trades:
