Archive for April, 2010
Video Review of the Indexes 4-25-2010
A week ago, traders were mulling over the option expiration Friday selloff which brought the most red the indexes had seen in a couple of months. The S&P 500 broke its uptrend line, and many wondered if that might be the end of the rally. And then last week arrived. The buyers stepped in once [...]
Video Review of the Indexes 4-18-2010
More new highs were reached yet again last week, although the week ended with some abrupt selling. What was shaping up to be a quiet down day turned into the biggest drop we’ve seen in a couple of months, thanks in large part to news out of GS. Regardless, the turn lower is good in [...]
Video Review of the Indexes 4-11-2010
Steady gains were added last week to the recent consolidation we’ve seen in the indexes, producing more new 52-week highs to start the second quarter. Even the minor dips are still being bought, reinforcing the confidence of the buyers. The indexes have been unable to pull back since the late-January slide, and it seems as [...]
Video Review of the Indexes 4-4-2010
Last week proved to be quiet with only 4 sessions, and yet gradual strength emerged once again with each of the indexes making upside progress. The DJIA and S&P 500 each tagged new 52-week highs, while the NAZ remained in its consolidation zone just shy of resistance.
