Friday, May 29, 2009

wrapping up a short week

The bull rally continues to roll on - even if with a little less steam. But the good news continues and the long side still looks like the best place for profits.

The market rallied hard into the close - not that it means much for Monday morning - but it is better than a hard sell-off.

Happy Friday.

DJIA 8,500.33 +96.53

NASDAQ 1,774.33 +22.54

SP500 919.14 +12.31

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Friday, May 15, 2009

teetering

The dow and the naz and the sp500 are looking a bit rough around the edges. After a huge multi-month surge from the lows of early March, the bear rally may be losing a bit of steam. We have made it through earning season and the release of the bank stress tests. There may not be sufficient good news to propel this market higher. With a lack of drive, the markets could begin drifting lower.

Happy Friday.

DJIA 8,268.64 -62.68

NASDAQ 1,680.14 -9.07

SP500 882.88 -10.19

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Saturday, May 02, 2009

the rally keeps going

Happy weekend.

The markets looked strong again this week. Next week the results of the bank stress tests will be announced. Energy is leading the pack as financials wait for the news.

DJIA 8,212.41 +44.29

NASDAQ 1,719.20 +1.90

SP500 877.52 +4.71

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