The original bullishness in the United States Oil Fund (USO) has paid off, and after bottoming out around $43, the fund has moved strongly to the upside. USO was up some 5.3% today after oil overall had a nice afternoon. Shares of Exxon Mobil (XOM) were up close about 1.5%, and the Oil Tracking Fund [...]
Written By: Teresa Appleton Stock Forum ID: Teresa
Monday brought a mixed day ahead of the two day FOMC meeting. The Nas 100, Nasdaq Composite along with the Dow closed green. The S&P 500 slipped into red territory at the end of the day. The NYSE left a little higher volume than Friday for a distribution [...]
Written By: Teresa Appleton Stock Forum ID: Teresa
Friday left us with a mixed day on lower volume. The Nasdaq Composite eked out a green day, while the Nas 100, S&P 500 and the Dow all closed slightly red. This marked the second consecutive down week on the Nas 100 and composite and the [...]
Some of you may or may not know of a small Biotech Company called Nutrition 21 (NXXI), and if you have not this is a good time to take a look at them. The stock itself shot up this week with news that its leading drug has backing evidence to slow HIV.
For the technicals readers, [...]
Written By: Teresa Appleton Stock Forum ID: Teresa
Thursday took back what Wednesday gave us plus some! Higher volume on the NYSE leaving a distribution day and the Nasdaq slightly lower leaving a low volume fall. VERY slightly lower keep in mind. Red across the board and keeping us right in range. [...]
After Ebay (EBAY) reported earnings today worth making the street cheer, the stock shot up, and currently is up some 11%. The stock has traded as high as $33.80 today before settling down in around $33. I post the chart though to note the nice cup and handle formation the stock is setting up. Also [...]
Written By: Teresa Appleton Stock Forum ID: Teresa
Wednesday’s bulls took control early on and never let go leaving us to close at the highs. However the rise was not supported by volume on the NYSE, but the Nasdaq was up on nice volume. Which leaves the Nasdaq with an accumulation day and the [...]
Alright, this post was supposed to head out onto the blog hours ago, but at least the market is closed. I will make this short since it is 2:51 AM and I am extremely tired, but basically the bottom line is that Spider Energy (XLE) is way overvalued at its current closing price today of [...]