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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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Written by 1option
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Despite a shortened trading week, the major indexes managed to close up for the third straight week, once again making new 52-week highs. The DOW touched its highest levels since September of 2008, when Lehman Brothers filed for bankruptcy. The S&P 500 also tacked on 1% for the...
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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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