Daily Wrap
DJIA -46.23 (-0.30%) to 15,612.13;S&P 500 -2.53 (-0.15%) to 1,707.14;NASDAQ +3.36 (+0.09%) to 3,692.95 The Dow and S&P 500 closed slightly lower while the Nasdaq saw a small gain mainly do to a good day in trading for Apple (AAPL). This will likely be a much quieter week with not as many big names earnings reports or economic events but we did have PMI which came in better than analysts expected with a reading of 56. Tomorrow on the calendar we have Trade Balance at 8:30 am EST and then FOMC member Evans is speaking at 1 pm EST (fireworks not expected). As…
Week in Review
DJIA +35.87 (+0.24%) to 15,118.49; S&P 500 +7.03 (+0.43%) to 1,633.70; NASDAQ +19.90 (+0.67%) to 2,981.02 Friday was a very choppy trading session which sent the index bouncing around and when it looked like it could possible be setting up for a late day sell-off ended up instead closing near highs for the day. In economic news the calendar was light but had a great deal of Fed speak throughout the day including Chairman Bernanke right near the open. The Dell (DELL) going private saga continued where two large DELL investors, Carl Icahn and Southeastern Asset Management, advised that they will not be voting for Michael…
Daily Wrap
DJIA +87.31 (+0.58%) to 15,056.20; S&P 500 +8.46 (+0.52%) to 1,625.96; NASDAQ -2.48 (-0.08%) to 2,952.88 My idea of an up morning to noon EST time resulting in a sell off looked good as the S&P 500 initially peaking around 10am EST and then started to sell off losing about 7 points in 15 minutes. That ultimately marked the lows for the day and the bulls stepped in buying the market higher and we finally closed 9 points off of those lows leaving the SPY ETF up over 14% YTD. Electronic Arts (EA) announced a deal with Disney (DIS) to partner on Star Wars video games. …