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
Tuesday, April 22, 2008
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