17/06/2009 Bulls counter with a flat day

Posted on Wednesday the 17th of June 2009 at 23:47 by LtPinback

Selling at the open then the bulls manage a nice rally but more selling at the close results in a flat day. Volume did increase to average but most volume was on the selling sideatest inflation number not a worry and President Obama unveils the widest reshape of the financial sector in 30 years

0

02/06/2009 Consolidation

Posted on Tuesday the 2nd of June 2009 at 22:12 by LtPinback

Flat day with price channel between the Pivot Point and yesterday’s high. Volume was averageinancials were weak on the day on worries about the dilutive impact of recent stock offerings

0

19/05/2009 Choppy day

Posted on Tuesday the 19th of May 2009 at 22:58 by LtPinback

A small gap lower after yesterday’s large move then a choppy fight to control price ending in a choppy channel with support at yesterday’s high. The day ended almost flat with a nice sell-off in the last haft hour prompted by the credit card bill passing the senate vote. Volume was average.
he Financial Sector fell [...]

0

11/05/2009 Change of direction?

Posted on Monday the 11th of May 2009 at 23:43 by LtPinback

Market opened on a gap lower and remained in a tight channel between 919 and 909 for the rest of the day. Volume was average.
he Financial Sector retreated on dilution worries and a fresh wave of profit-taking

0

08/05/2009 Recovery is the trend

Posted on Friday the 8th of May 2009 at 23:09 by LtPinback

S&P 500 opened on a gap higher and touched the R1 line within 20 minutes from the start of the trading day. From there a quick sell-off to the Pivot Point lasting 40 minutes and then the ticker settled in an upward trend for the rest of the day closing at 929.23. Volume was high.
anks [...]

0