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
Showing posts with label oil. Show all posts
Showing posts with label oil. Show all posts
Wednesday, April 16, 2008
Tuesday, April 15, 2008
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
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
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
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