Week in Review
DJIA +35.17 (+0.25%) to 14,089.66; S&P 500 +3.52 (+0.23%) to 1,518.20; NASDAQ +9.55 (+0.30%) to 3,169.74 Friday was an interesting day as we went into the weekend before Sequester (sounds like an SAT word right?) and rumors were abound which helped drive the markets one way or the other. We did finally close with a small gain on the day which continued the markets impressive move off Wednesday’s lows right near the 50 Day SMA’s. We had what I thought was mixed economic data through-out the day which over overall possibly canceled itself out but also continues to show the shaky ground we stand on. That isn’t…
Daily Wrap
DJIA -20.88 (-0.15%) to 14,054.49; S&P 500 -1.31 (-0.09%) to 1,514.68; NASDAQ -2.07 (-0.07%) to 3,160.19 From the end of last night’s update: “What now? I think tomorrow could very well be lower and ideally I would like to see the market be up in the morning and then send the remainder of the day retracing which would leave the door open for Friday to finish the week higher. ” We essentially got what I was looking for and started off the day in the green and held there for a while finally turning lower after 2pm EST and closing near the lows for…