Daily Stock Report for Friday Morning, February 26, 2010 pt1Stocks sold off sharply down to a low of 180 points on the Dow at one point as the jobless report continues to disappoint. The low in the first 20 minutes of the regular market opening turned out to be a good buying opportunity, especially for the day traders (intraday scalpers).The market looks like the backing and filling action with a slight downtrend where stocks have lower lows and...more
If an investor considers getting involved in foreign currency trading, it is necessary that he appreciates the fundamentals of how to trade currency. Even if he decides to make use of an automated forex expert advisor (or forex robot) he will have to to understand something about what it the robot is doing so as to get the settings dead on. Forex trading and currency trading mean the same thing. A forex investor trades world currencies on the...more
With the immediate and continuous growth of e-commerce, outsourced manufacturing, online stores, and neighborhood stores and malls, shipping companies have grown massively. There are innumerable shipping companies offering car shipping services, goods shipping services, and even passengers shipping companies, thus, it becomes obvious to hire the best company that can provide you the supreme services. This is when shipping directory comes into play. A directory helps you get not only products but also the suppliers, thats why, it should carry different categories.Shipping directory is the best place to find not just shipping companies but also gather the information about their offered services, costs, and experience. Despite being so useful, shipping directory isnt popular in the online markets but you can locate it with mega retailers. With the Internet becoming the driving force, slowly and gradually online shipping directory is gaining popularity. A shipping directory offers a good selection of shipping companies, quality of the services provided, and service cost. In short, it lands you in the competitive commodity market.It has been seen that shipping directories at times, do...more
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Daily Stock Report for Friday Morning, February 26, 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 market has gone through an important short-term level, the February 2nd highs but looks unlikely we exceed the January 19th highs.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:TM, Toyota Motors stock pulled back today a little bit today but acted well, considering the market was down substantially more at one point. Hold on to this long position. REPEAT from previous report: We are looking for this $71 level to be the bottom and not go below the February 4th low. We should see...more
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