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.
Monday, April 21, 2008
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