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Market Update: July 8, 2009
Posted on July 8, 2009 | No CommentsThe markets staged a late day rally, today. The DJIA and the Nasdaq Composite closed higher, today… albeit only slightly. The S&P 500 tried, but was unable to close to the upside. Despite today’s action, there is no significant change to the near-term outlook. -
Market Update: July 7, 2009
Posted on July 7, 2009 | No CommentsThe S&P 500 failed to follow through on yesterday’s hammer candlestick pattern. The SPX fell, today, on higher volume. However, the S&P was able to hold key support around 879. A close below 879 on higher volume would confirm a breakout from the recent trading... -
Market Update: July 6, 2009
Posted on July 6, 2009 | No CommentsThe S&P 500 and DJIA showed great resilience today. After a sharp decline to open trading and volatility throughout the day, the bulls were able to wrestle control in the final thirty minutes. The Nasdaq and NYSE closed lower, but rallied off their lows during the...