On Wednesday, 11/11/09, the Dow Jones Industrial Index rallied to a 50% retracement level based on MarketClub’s Fibonacci measuring tool. The action today indicates that this level is very important and that it could be an important top for this market. In my latest video I cover both the Dow and...
Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 24, 2009 *****Small-cap Update *****Is This Rally Sustainable? *****Taking Profits Everywhere ***** TradeMaster ’s Jason Cimpl Fellow Investor, Stocks generally closed up higher today with the Dow and the S&P 500 continuing their upward...
Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 20, 2009 *****Small-cap Update *****Bravo, Mr. Watson *****Failures and a Rescue *****The Week Ahead Fellow investor, Stocks extended last week’s rally on news the troubled lender CIT Group (NYSE: CIT ) should be able to avoid bankruptcy...
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The market closed out a horrendous October, its worst month in 21 years, with an advance Friday as more investors took chances on stocks turned into bargains by waves of intense selling. The advance, which gave the market its first back-to-back gains in more than a month, fed hopes that Wall Street has...
The market showed some welcome signs of stability Thursday, taking a downbeat GDP report in stride and driving the Dow up 189.73, or 2.11 percent, to 9,180.69 in relatively calm trading. The S&P 500 rose 24.00, or 2.58 percent, to 954.09, while the Nasdaq climbed 41.31, or 2.49 percent, to 1,698...