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Tuesday, February 21, 2006 

HEWLETT PACKARD - Profit taking

Chart courtesy of stockcharts

Shares of HEWLETT PACKARD fallen today nearly 5% after have done good gains during last week.
Profit taking could be the big reason of this decline, but keep attention if the stock breakdown the 32,48$ resistance level. The Fast line of the Full Sto Indicator crossover the slowline.

News of the Day

Fed Leaves Door Open to Interest Rates Hike

The Federal Reserve Open Market Committee decided in late January that it was close to stopping hiking interest rates, but a few more hikes might be needed to keep inflation contained, according to a summary of the meeting released on Tuesday. "Although the stance of policy seemed close to where it needed to be given the current outlook, some further policy firming might be needed to keep inflation pressures contained and the risks to price stability and sustainable economic growth roughly in balance," the FOMC said at its Jan. 31 meeting.
The next FOMC metting will be on March 28.

Energy close Prices

Natural gas closed at $7.731 up 7.6%
Crude for March closed at $61.10 up 2%
Crude for April closed at $62.60 up 2.1%

That's All. Have a great evening !!


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About Me

  • I'm a 48 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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