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Wednesday, April 25, 2007 

Hello .......13000..mark...... " WOW "

Chart courtesy of stockcharts

For the fist in the history of the US markets Dow Jones passes 13000 mark, after many of the country's biggest companies surpassed analysts' first-quarter earnings projections. In addition to earnings, adding to the momentum Wednesday was a surprisingly strong reading on durable good orders, which rose 3.4 percent in March, above forecasts.

Chart courtesy of stockcharts

On the other hand, Sun Microsystems Inc. plunged 67 cents, or 11 percent, to $5.27 for the steepest decline since September 2003. The world's third-largest maker of server computers said fiscal third-quarter revenue rose 3.3 percent to $3.28 billion. That missed the $3.41 billion average estimate of analysts. Looking at the chart stock retested the support at 5.20, however closed above. Indicators are now negative with back again below 0.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. Have a nice 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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