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Wednesday, February 01, 2006 

DowJones near 11000 again

Today the U.S. stocks closed higher as investors cheered with the strong results from Boeing Co, that climb more than 4.8% to $71.62. Boeing said that the net income grew to $460 million, or 58 cents a share, compared with $186 million, or 23 cents, earned in the same period a year earlier.
The Dow was up 83 points at 10,950. We are now near the psycological level 11000.
According to chart above the Dow closed in the top of the short term channel range, the Bullish side running again ? Tomorrow will be the key, wacth out the breakout of the red line.

Google shares recovered in the close and finish at $401.78 after touching as low as $387.52 after the market open.

JDSU have reported there earnings after the market close and it recorded a net loss of $42.1 million, or 3 cents a share, compared with a loss of $41 million, or 3 cents, a year earlier. Sales rose to $312.9 million from $180.5 million. Excluding onetime items, JDS cut its loss to $3.7 million, or breakeven per share, from a loss of $28.6 million, or 2 cents, a year ago, revenue jumped 73%.

That's All. Have a nice evening !!!


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  • I'm a 44 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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