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Daily Stock Report for Friday Morning, February 19, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. The odds of a downtrend starting is becoming more likely looking at recent trading action.Calendar Tuesday, 200pm, ET, Treasury Budget,...more
Daily Stock Report for Tuesday Morning, February 23, 2010 pt2Summary Opinion We are at a critical level that could establish a downtrend if lower lows are made or this could be just a pullback within an uptrend. Start gradually peeling off long positions this next few days for short-term investor.Calendar Tuesday, 900am, ET, Case-Shiller Housing Index, -3.1%Tuesday, 1000am ET, Consumer Confidence, 55.0Wednesday, 1000am ET, New Home Sales, 355KWednesday, 1030am ET, Crude Oil Inventories, 3.08MThursday, 830am ET, Initial Claims, 460KThursday, 830am ET, Continuing Claims, 4570KThursday, 830am ET, Durable Orders, 1.5%Thursday, 1000am ET, FHFA Housing Price Index, 0.7%Friday, 830am ET, GDP, 5.7%Friday, 945am ET, Chicago PMI, 59.0Friday, 955am ET, Univ Michigan Consumer SentimentFriday,1000am ET, Existing Home Sales, 5.5MFollow-up notes:NBG, National Bank of Greece started moving up today, gaining 5.6%. This is a longer term hold (months?).Focus chart: (Worden Stockfinder chart)VHC, Virnetx Holdings moved up to a higher high by 5 cents on todays high, closing at $5,58. Today (Monday) was probably right day to open small short. If these make new highs tomorrow, thats usually place to...more
Daily Stock Report for Thursday Morning, February 25, 2010 pt1Stocks moved up from the open today and stayed in positive territory all day, closing up most of the losses from yesterday. The Dow30 closed up 0.9%, Nasdaq Composite and the S&P 500 both...more
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