May 29
Oil is back over $100.00 a barrel! The Dow Jones is struggling to close above the 50 day moving average. On Friday 05/27/2011 the Dow Jones closed at 12441.58. There is a Hugh support line at 12400 that I have talked about over the last few weeks. If you want to see the chart then …
May 21
In looking at the charts on the Dow, last week I was correct when I said that the Dow would trade down to the 50 day moving average. The Dow did touch the 50 day moving average and then bounced off of that. Now the resistance is at 12600. Next week will be very interesting …
May 07
The Dow Jones opened up at 12810.16 on May 2, 2011 and closed at 12638.74 which is a loss for the week of 171.42 points for the week. There is a support at 12400 so we will see what happens next week. Will the market fall to the 50 Day moving average? In looking at …
Apr 17
On Monday April 11, 2011 the Dow Jones opened at 12380.43 and closed Friday at 12341.83 which is a loss of 38.90 points. Bank of America fell when they reported their earnings. They are now trading below the 200 day moving average. Google did not do much better when they reported their earnings. They dropped …
Apr 09
On Monday April 4, 2011 the Dow Jones opened at 12374.60 and on Friday April 8, 2011 the Dow Closed at 12380.35, which is a gain of 5.75. The market just traded sideways all week long. Will earnings help boost the market to trade higher or will the market have a pull back? Next week …
Apr 03
The Dow Jones opened at 12,221.19 on Monday March 28, 2011 and closed at 12,376.72 on Friday April 1, 2011 which was a gain of 155.53 points for the week. Over the next week we will see if the Dow can hit the high back in February of 12,391.25. Friday’s unemployment fell to 8.8% and …
Mar 18
All the New about the earthquake in Japan had a hugh affect on the market. It will take a long time to clean up the mess in Japan. Monday March 14, 2011 the Dow Jones opened at 12,011.32 and Closed on Friday March 18, 2011 at 12015.34 which is a 4 point gain but, three …
Feb 26
Monday 21. 2011 was a Presidents day so the market was not open but on Tuesday February 22, 2011 the Dow Jones open at 12389.74 and the Dow closed on Friday at 12130.45 which was down for the week by 259.29 points. Tuesday February 22, 2011 was all about the turmoil with Libya and North …
Jan 14
On Monday the Dow opened at 11672.34 and Closed on Friday at 11787.38 which is a gain of 115.04 points. US inflation rate came in at 1.5% for 2010, according to a Government report. Today we saw that Oil and Gold has a pullback today, along with the dollar falling against the EURO. The Market …
