Day Trading – The Bullz And Bearz
Profitable Trading In Any Market – Stocks Options FOREX
2010 Starting With A Bang?
January 4th, 2010
The 2010 stock market is going to start on a higher note today as stock futures pointed to a strong debut. The Federal Reserve’s top two officials hinted that interest rates would stay at ultra-low levels for months to come. After a year that saw the Dow Jones Industrial Average climb 19% on a recovery in the economy and a stabilization of the financial sector, futures on the Dow industrials rose 60 points.
The gains came as Federal Reserve Chairman Ben Bernanke said in a speech Sunday that regulatory and supervisory policies, rather than monetary policy, were to blame for a rapid increase in U.S. house prices in the early parts of last decade.
Per the chart of the SPX below, it clearly broke support last week before the New Year – and fell RIGHT TO MY SUPPORT TARGET! Amazing isn’t it folks! The next lower targets are below on the chart.
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Today's Live Market Quotes & Charts
| NASDAQ | 2905.66 | ||||
| S&P 500 | 1344.90 | ||||
| ^TNX | 1.95 | ||||
| ^XAU | 200.34 | ||||
| ^XOI | 1295.01 | ||||
| SDS | 16.76 | ||||
| IWM | 82.95 | ||||
| UDN | 27.33 | ||||
| OIH | 129.44 | ||||
| ERY | 9.83 | ||||
| URE | 60.68 | ||||
| FAS | 90.80 | ||||
| DIG | 48.09 | ||||
| CMD | 52.74 | ||||
| USO | 37.59 |
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