Nasdaq , SOX , DELL , GOOGLE , ERICSSON
Nasdaq Ends Down 20 points at 2,343 After Oil Prices Top $75 a Barrel for the first time.
The front-month contract for crude futures closed above $75 ( $75.17 ) per barrel on Friday the highest closing level for a front-month contract on the New York Mercantile Exchange, scoring a gain of more than 6% for the week, the continuation of fears over Iran and Nigerian supplies.
The front-month contract for crude futures closed above $75 ( $75.17 ) per barrel on Friday the highest closing level for a front-month contract on the New York Mercantile Exchange, scoring a gain of more than 6% for the week, the continuation of fears over Iran and Nigerian supplies.
SOX the semicondutor index-Philadelphia fell 2% today and have tested MM50 , closing some points above. According to this chart we can see that we are trading in a short downtrend with a top at 534 and a bottom near of 483.
DELL shares fell almost 4% today after Citigroup cut his rating to Sell on concerns about the company's growth rates and eroding margins.
Google shares jump 5% today on 60% profit jump. Google reported first-quarter net income of $592 million , or $1.95 a share, up from $369 million or $1.29 a share a year earlier. These results include stock-option costs and other expenses. According to chart we can see that the stock touched today in the top of the uptrend started on March, some profit taking could appear at this levels ( overbought conditions ) after the recent gains.
Bad day today for Ericsson after the quarterly report. Shares of the Wireless equipment maker fell near than 7% on Friday after reported that the sales grew in the first quarter but the takeover of money-losing Marconi cut into profits that came in flat, below the expectations of analysts, however Ericsson maintained its forecast of moderate growth in the global mobile systems market in 2006. According to chart above we can see that the stock breakdown an important support in the $36 level with a huge trading volume, the indicators had all inverted to bearish side.
Resistance : 36.51 Support : 34.50
That's All. Have a great weekend.
AC
Resistance : 36.51 Support : 34.50
That's All. Have a great weekend.
AC
Hi Gallen !! How are you ?
According to your question , I think crude could be a big problem for the economies grow, and crude oil at $100 per barrel already is not a dream now could be the next target according to many analysts that we listen in TV.
Regards,
AC
Posted by
AC Investor Blog |
11:03 AM
=p
Posted by
Anonymous |
8:39 PM