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 | 2847.21 | ||||
| S&P 500 | 1315.99 | ||||
| ^TNX | 1.74 | ||||
| ^XAU | 152.38 | ||||
| ^XOI | 1123.84 | ||||
| EEM | 38.18 | ||||
| DIG | 39.26 | ||||
| ERY | 12.41 | ||||
| IWB | 73.12 | ||||
| EDZ | 17.36 | ||||
| RWM | 28.02 | ||||
| SDS | 16.99 | ||||
| FAS | 77.49 | ||||
| USO | 35.15 | ||||
| BGU | 70.03 |
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