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Written by 1option
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The markets experienced their first losing week after three weeks of gains. The Dow was down four out of five trading sessions and lost 3% for the week. Financial stocks bucked the trend however after the House and Senate approved the initial financial regulation bill passing through...
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Written by 1option
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Another volatile week on Wall Street, with the Dow Jones trading as high as 10,718 on Tuesday and as low as 9,919 at Friday’s open. For the month of May the Dow has traded in a range of over 1,300 points, representing a 12% trading range and new highs on the CBOE Volatility Index...
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Written by 1option
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Despite ugly trading sessions on Thursday and Friday, U.S. markets finished higher for the week. The Dow Jones tacked on 2.3% over the five previous sessions and the Russell 2000 climbed by 6%. Wall Street rallied heavily on Monday and Tuesday after the European Nation (EU) bailout...
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Written by 1option
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Volatility was the name of the game this week as the CBOE Volatility Index ($VIX) spiked 85% over five trading days. The DOW Jones followed suit, down -772 points since Tuesday’s opening bell. Everyone was tuned in Thursday afternoon as word spread that the DOW was down almost 1,000...
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Written by 1option
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With April in the books, the last week of the month was one the bulls hope is soon forgotten. Between continued worries over the European Union’s future, the Gulf of Mexico oil spill, and possible criminal charges coming against Goldman Sachs (GS), investors dumped stocks heavily...
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Written by 1option
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The street was buzzing Friday on allegations released by the SEC that Goldman Sachs (GS) knowingly defrauded investors in 2007 through mortgage-backed securities. Goldman stock was hit hard during Friday’s trading session, losing 13% to close just below its 200-day moving average at...
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Written by 1option
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Last week the DOW briefly touched the 11,000 mark for the first time since September 2008. The S&P 500 was able to tack on 2.7% for the week and the NASDAQ 2.1%. Earnings season kicks off this week for Quarter 1 of 2010 with Alcoa (AA), Bank of America (BAC) and Intel (INTC) in the...
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