Oil’s Collapse Helps Lift All Indexes On Higher Volume; Nassy Near Six-Year Highs.
January 12, 2007 | Leave a Comment
Stocks gapped up in the morning, held those levels, and rallied for the rest of the day on the back of another back-breaking decline in oil. This huge 4% drop in oil helped the entire market rally, on Thursday. Oil has now fell 15% in 2007.
At the close, with techs and small caps leading, the SP 600 gained 1.2%, the Nasdaq rallied 1% breaking out above the December highs, and the SP 500 and DJIA gained .6%. The DJIA also hit another all-time high.
Stocks Rally As Techs Lead The Way; Traders Who Sold Or Went Short Yesterday Feel The Pain.
January 4, 2007 | Leave a Comment
What started out as a crazy morning, once again, for stocks, quickly turned into a day of steady advances. The treat of the day and the possible cause to this was another fall in crude oil prices. The fall today, after yesterday, brings the two day total to 8.9%. Besides that, however, there was no other catalyst.
At the close, the Nasdaq led by a healthy margin rallying 1.25%, the SP 600 gained .15%, the SP 500 gained .12%, and lagging was the DJIA with a .05% gain. Leading stocks were up .4%, doing better than all but the Nassy.
Stocks Stage WILD Reversal, Keeping Traders As Confused As Ever.
January 3, 2007 | Leave a Comment
What a way to start off the New Year! Today, stocks showed us all why it is silly to have convictions. After gapping up very strong this morning on the back of some strong manufacturing data, stocks continued to rally. However, after the FOMC minutes were released, stocks did the exact opposite and reversed into negative territory. Thankfully, for the bulls, stocks found solid support at 3pm and rallied into the close, giving the DJIA and Nasdaq a positive close.
The SP-500 Makes Another Six-Year High; Bears Still Don’t Get It.
December 14, 2006 | Leave a Comment
Stocks gained ground off of crude oil rising 2%, drifting with an upward bias on the DJ and downward bias to a green close. The gains in the face of bad news was a clear sign of just how strong this market STILL is.
