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Wikinvesting since
Sep 2008
wikinvest Director
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| making 102 | edits |
| to 48 | articles |
| last edit 59 | days ago |
Serving investors daily since March 2006.
The Dow started the month optimistically, closing up by 76 points on better than expected ISM index.
The strong follow up that we are hoping to see did not happen,instead, all we saw was that profit takers were still very much in control of the situation, beating down the market right after today's FOMC Announcement. Yes, profit takers were... read more
The Dow started the month optimistically, closing up by 76 points on better than expected ISM index.
The US economy continues to present optimistic report cards as the ISM index turned in far better than expected. ISM index released this morning turned in 55.7 versus last month's 52.6 and beating consensus of 53. In fact, this reading is now way higher than... read more
Welcome to a new month! Let's hope the new month brings a new breakout and new profits for all of us!
What was shaping up to be a rebound last Friday turned out as a dismal week with the Dow down 2.6% on the week, ending right on top of its 50MA line again.
Yes, the only explanation so far is the widespread consolidation sentiment near the 10,000... read more
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