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Written by 1option
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The equity markets continued to push higher this week, with the major indexes making new 52-week highs for the fourth week in a row. The DOW hit a high of 10,955 and the S&P crossed 1,180 temporarily on Thursday. This came despite the historic passage of the health care bill last...
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Written by 1option
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The DOW snapped an eight session winning streak on Friday as investors became unsettled with renewed worries over Greece and the upcoming health care vote scheduled for Sunday. The index did manage to finish the week up 1.1% however. Trading volume was heavy on all indexes Friday as...
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Written by 1option
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A flat week on Wall Street as all major indexes ended the week with slight gains. The NASDAQ again was the leader once again, up 1.8% on the week. The S&P 500 was up 1% on the week and closed at the important resistance level of 1,150. Investors are carefully watching this level for...
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Written by 1option
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With February in the books, the S&P500 closed the final week of trading down 0.4% but still ended the month up 2.9%. The NASDAQ continues to be the strongest index in terms of gains, up 4.2% for the month. Domestic earnings continue to be strong, but renewed concerns over Greece and...
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Written by 1option
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The Fed surprised investors Thursday after the equity markets closed, announcing that they are increasing short-term discount rates a quarter percent to .75%. The dollar immediately spiked after the announcement, causing a sharp pullback in the Euro as well as equity futures. By Friday...
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Written by 1option
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Despite a volatile week on Wall Street that included announcements of a possible Greek bailout and tightened Chinese monetary policy, investors continued to buy the dips in equities markets. Friday was an especially good example, with the indexes erasing large morning losses and the...
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Written by 1option
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Weekly losses on the major indices now rest at four weeks. Renewed fears of a global slowdown and foreign government debt have weighed heavily on the markets since the beginning of the New Year. The added worries have brought volatility back into the equity markets. The $VIX has rose...
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