IBM & Sprint Nextel Announce Company Purchases

July 28th, 2009

This morning both IBM and Sprint Nextel announced agreements to purchase up other industry companies. Honestly, all the mergers and acquisitions news this morning reminds me of those 2007 days when there seemed to be a new announcement every morning. As for the markets, like I said yesterday, I think we are quickly headed back to 955 today or tomorrow. Right now we are trading in the upper range of resistance and likely headed down today.

 

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In the FOREX markets, the EUR/USD is still on the verge of a breakout as the dollar weakens. It’s critical thought that this pair break above the black resistance line before you jump in long. Any day now, any day.

 

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