Morning News
Futures are up this morning pointing to a higher open.
European markets are trading slightly lower today.
Most Asian markets ended lower.
Crude oil is $64.80 per barrel.
Wholesale gasoline is $2.37 per gallon.
Natural gas currently $7.70 per unit.
Gold is sitting at $655.00 per ounce.
Nasdaq Stock Market to buy Nordic exchange operator OMX for $3.7 billion.
Coca-Cola to buy Glaceau for $4.1 billion.
Gap Inc. post 26% drop in quarterly profit.
Dell Computer to begin selling PCs at Wal Mart stores.
Budd Foxx
European markets are trading slightly lower today.
Most Asian markets ended lower.
Crude oil is $64.80 per barrel.
Wholesale gasoline is $2.37 per gallon.
Natural gas currently $7.70 per unit.
Gold is sitting at $655.00 per ounce.
Nasdaq Stock Market to buy Nordic exchange operator OMX for $3.7 billion.
Coca-Cola to buy Glaceau for $4.1 billion.
Gap Inc. post 26% drop in quarterly profit.
Dell Computer to begin selling PCs at Wal Mart stores.
Budd Foxx
posted by Gordengekko at 7:34 AM
1 Comments:
Notice how difficult it has been for the markets to go down two days in a row. If this happens again today, we're still in a technical bull market. As long as the DOW stays above 12,900 we are still in bull mode.
In contrast with 2006 when we were in a fundamental bull market, driven by earnings and future growth, today the market trades on mergers & acquisitions. This invites swings and we could be entering a heavy swing mode where you have a few days up followed by a few days down. This is fertile ground for traders.
CrossProfit
http://www.crossprofit.com
Post a Comment
<< Home