Stocks Drop From Rising Oil Prices

Market News: On Tuesday, April 22, 2008, AT&T earnings met market forecast. McDonald's and DuPont reported stronger-than-expected earnings. But McDonald's and DuPont said that future earnings could be hurt by U.S. economic slowdown. Sales of existing homes fell 2% in March to an annual rate of 4.93 million units. Crude Oil rose to a high of $119.90 per barrel. High Oil prices, disappointing home sales, and bad forecasts by Big companies caused the markets to drop.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW going sideways
NASDAQ Trend: NASDAQ possibly in uptrend
S&P500 Trend: S&P500 going sideways

Stocks Mixed After Bank Earnings Reports

Market News: On Monday, April 21, 2008, Bank Of America said its first-quarter earnings fell 77% and National Bank Corp. reported a $171 million loss in the first-quarter. Merck said that its first-quarter profits doubled in the first-quarter. NASDAQ rose due to an RBC Capital Markets analyst upgrade of Apple Inc. Crude Oil closed at a record high of $117.48 per barrel. Stock Markets were mixed from banking bad news but biotech and technology good news.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW going sideways
NASDAQ Trend: NASDAQ possibly in uptrend
S&P500 Trend: S&P500 going sideways

Market Rises On Google and Caterpillar News

Market News: On Friday, April 18, 2008, Google surprised Wall Street with first-quarter earnings and revenue growth of 42% that topped analysts' predictions. Caterpillar Inc. reporteed that demand for its global products drove first-quarter earnings up 13% and affirmed its 2008 forecast. Citigroup reported first quarter loss of $5.1 billion but the loss was lower than analyst's expectations. Crude Oil rose to a record $117. The good news from Google and Caterpillar drove the markets up.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW breaking support. Possibly in uptrend.
NASDAQ Trend: NASDAQ breaking support. Possibly in uptrend.
S&P500 Trend: S&P500 breaking support. Possibly in uptrend.

Stocks Mixed After News

Market News: On Thursday, April 17, 2008, Philadelphia Federal Reserve said regional manufacturing weakened in April. Index of manufacturing activity fell to a -24.9 from -17.4. Merrill Lynch & Co. reported a first quarter loss of $2.14 billion. IBM Corp. reported a rise in quarterly earnings. Nokia Corp. and Pfizer Inc. had disappointing earnings. Crude Oil prices set a record high of $114.86 per barrel. The markets are mixed from the news.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: Dow going sideways
NASDAQ Trend: NASDAQ going sideways
S&P500 Trend: S$P500 going sideways

Upbeat Earnings Reports Cause Markets to Surge

Market News: On Wednesday, April 16,2008, JPMorgan Chase & Co., Coca-Cola Co. and Intel Corp. beat first-quarter projections. Crude Oil closed at a high of $115.07 per barrel. Good News from the 3 large corporations caused the stock market to go up.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW going sideways
NASDAQ Trend: NASDAQ going sideways
S&P500 Trend: S&P500 going sideways

Stocks Rise After Mixed News

Market News: On Tuesday, April 15, 2008, the New York Federal Reserve reported regional manufacturing expanded in April. Johnson & Johnson said its first-quarter profit rose 40%. Crude oil prices rose to a record $114 per barrel. Mixed good news and bad news caused the stock market to bounce off the recent downtrend.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW going sideways
NASDAQ Trend: NASDAQ going sideways
S&P500 Trend: S&P500 going sideways

Wachovia's Disappointing Earnings Cause Markets To Drop

Market News: On Monday, April 14, 2008, Wachovia reported disappointing first quarter earnings of a $393 million loss. Wachovia plans to raise $7 billion through a stock offering and cut its quarterly dividend by 41% to 37.5 cents. Light, sweet crude rose $1.62 to close at $111.76 per barrel. Wachovia and last Friday's GE news caused panic of the banking sector. The stock markets dropped due to these concerns.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW transitioning from up to down, DOW going sideways
NASDAQ Trend: NASDAQ transitioning from up to down, NASDAQ going sideways
S&P500 Trend: S&P500 transitioning from up to down, S&P500 going sideways

Disappointing GE Earnings Cause Stock Market To Drop Sharply

Market News: On Friday, April 11, 2008, General Electric Co. (GE) surprised the market with a disappointing first-quarter report. GE said its financial-services division was the main reason for the bad earnings and that its financial-services were hurt by the current credit crisis. GE lowered its projections for the rest of the year. Crude oil prices rose 3 cents to close at $110.14 per barrel. The stock market dropped sharply from these 2 major news.

The following analysis is not a trade recommendation. You are responsible for your own trading decisions.
DOW Trend: DOW transition from up to down, DOW going sideways
NASDAQ Trend: NASDAQ transition from up to down, NASDAQ going sideways
S&P500 Trend: S&P 500 transition from up to down, S&P500 going sideways