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Friday, October 27, 2006 

US Markets Pull Back

Chart courtesy of www.stockcharts.com ( click to enlarge )

Following last post about APOL shares, the stock on Friday had a good performance because did not do a new low neither a double bottom only a high-low even in a bad day for the markets, so I still confident that the trend now will be on the upside.

Chart courtesy of www.stockcharts.com ( click to enlarge )

The daily chart of Nasdaq it show that recently 50 dma has croosed on top over 200 day moving average - a Bullish signal.

Chart courtesy of www.stockcharts.com ( click to enlarge )

Stocks pulled back Friday after the Commerce Department reported that the economy grew at the slowest pace in more than three years. Dow Jones industrial down 73.40, or 0.60 percent, at 12,090.26, Standard & Poor's 500 index down 11.74, or 0.85 percent, at 1,377.34, and the Nasdaq composite index fell 28.48, or 1.20 percent, to 2,350.62. A Pullback for a consolidation.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.

That's all. Have a nice weekend !!!


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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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