Posted on Wednesday the 20th of May 2009 at 23:24 by LtPinback
The market opened at yesterday’s high and tried to rally for about an hour. After the first hour of trading a meltdown sell-off started that found some support at the Pivot Point but that ultimately failed and ended just above the 900 support. Volume was a bit above average
The Federal Reserve’s GDP and economic outlook [...]
Posted on Monday the 23rd of March 2009 at 23:52 by LtPinback
Market opened on large positive gap and rallied the first hour of trading to the 800 resistance level. Then price oscillated above and below that level without any clear direction until 2:15pm when volume exploded taking price to the upside huge and ending the day printing a +7.08% day for the S&P 500 Index. Volume [...]
Posted on Wednesday the 18th of March 2009 at 23:36 by LtPinback
The market opened lower but soon resumed the uptrend encountering a bit or resistance at 780.00 then the Federal Open Market Committee (FOMC) announced that the Federal Reserve will buy $300 billion worth of long-term Treasury bonds and thus broke the ticker for the day. Equities jumped, US dollar sunk and Gold and Treasuries went [...]
