Archive for March, 2010

Mar 10 – End of Day

Wednesday, March 10th, 2010

Major indexes continued to move up on low volumn. We might have potential double-top on SPX, DJIA. The Nasdaq has surpased Jan 2010 ‘s high.

As 1st Qtr earning winds down, the old adage “buy on rumors and sell on the news” come into play.

spx — with a link courtesy of Philstockworld

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Week Mar 5 – Summary

Friday, March 5th, 2010

Major markets up for the week as talk about the Greek being bailed out by Germany & France. The unemployment number came in better than expected also boost the market.
At this juncture, the markets are approaching the prior highs set earlier in Jan 2010.

Below are the major indexes charts with resistance highlighted.
S&P500 – previous high 1,150

SPX - Week ending mar 5 2010

DJIA – previous high 10,720

DJIA - Week ending mar 5 2010

NASDAQ – hits previous high 2,326

NASDAQ - Week ending mar 5 2010

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