The correction we’ve been monitoring certainly picked up some steam on Friday. The rioting in Egypt gave investors an easy excuse to drive stocks sharply lower. And there should be no surprise that tech stocks and the Nasdaq bore the brunt of the selling. Tech stocks were strong momentum trades...
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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Normal 0 MicrosoftInternetExplorer4 Your Daily Profit July 7, 2009 *****Small-cap Update *****Buy the Rumor, Sell the News *****Earnings Season *****Reader Mail Fellow Investor, Notwithstanding yesterday’s positive market activity, stocks continued their month-long downward trend with the Dow closing...
Your Daily Profit June 5, 2009 *****Small Cap Trading *****Financials Back in the Lead *****Bulls vs. Bears *****Bullish on China Fellow Investor, Opening volume was higher in this morning’s session with all the major indices, except the Dow, trading in the negative. As of press time at 10:40 A...
Your Daily Profit May 29, 2009 *****Stocks: Bullish or Bearish? *****One of My Secret Weapons *****The Trend is Your Friend Fellow Investor, The high close for the Nasdaq since the rally began was 1,763. Yesterday’s close was 1,751. For the S&P 500, the high close was 929 and it closed at 906...
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...