What happened today? I looked at my portfolio around lunch-time, saw that it was up nicely, so I sat back in my chair, let off a quiet “Oh yeah” and then went on with my work thinking the gains were plentiful enough to finish the day in the green. When I returned from my afternoon [...]
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David Rosenberg raises concerns about U.S. equity markets following yesterday’s technical action.
FP Trading Desk link:
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/10/21/high-volume-selloffs-a-concern-rosenberg.aspx
Technical comment on S&P 500 stocks: Interesting technical trading activity in U.S. equities this morning by stocks influenced by release of third quarter earnings reports. Selected stocks involved with “blow out” earnings have responded favourably. Best example is SanDisk Corp. (NASDAQ:SNDK) [...]
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