The indices are gapping up this morning partially *fueled* by a big drop in oil, which is gapping down away from its 200-day moving average. 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:
Posted by 1 September 2008
August 29, 2008 Recap: Holes in the Wall
There’s no shortage of mixed signal in the market right now. We ended the week with the indices pretty much in the middle of their August ranges. The Russell 2000 continues to look stronger than the Nasdaq and S&P 500. It’s the only of those three that’s above its 200-day moving average. The other two [...]
