Rusty Market Musings » HD http://blog.laenasinvestments.com A market diary and trading ideas repository Sat, 22 Aug 2009 13:52:40 +0000 http://wordpress.org/?v=2.8 en hourly 1 18/08/2009 Some retracement http://blog.laenasinvestments.com/2009/08/18/18082009-some-retracement/ http://blog.laenasinvestments.com/2009/08/18/18082009-some-retracement/#comments Tue, 18 Aug 2009 22:07:19 +0000 LtPinback http://blog.laenasinvestments.com/?p=1162 Flat opening and a slow uptrend. Volume was dismal.

S&P 500 Index 5min Chart

S&P 500 Index 5min Chart

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S&P 500 SPDRs 5min Chart

S&P 500 SPDRs 5min Chart

Results at consumer giants Home Depot Inc (HD), Target Corp (TGT) and upscale department store operator Saks Inc (SKS) were helped by cost-cutting as revenue growth remained slack.

The earnings reports offset an unexpected drop in housing starts and permits in July.

S&P 500 Index Daily Chart

S&P 500 Index Daily Chart

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