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
Wednesday, April 23, 2008
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