DOW HITS ANOTER NEW RECORD – BONDS SURGE – US DOLLAR INDEX BREAKS SUPPORT Comments from Fed Chairman Ben Bernanke sparked a rally on Wall Street and the Dow surged to another record high on Wednesday. The Fed Chairman indicated that inflationary pressures were under control and the economy should continue modest growth. Led by the big banks, the Dow moved above 12700 and recorded yet another new all time high. The price chart shows a series of higher highs and higher lows since early November and the Dow continues […]

MARKET NOTES January 24, 2007 Stocks opened strong and finished strong yesterday. The Nasdaq 100 (QQQQ) led the way higher with a 1.65% gain and Russell 2000 (IWM) came in second with a 1.10% gain. NYSE and Nasdaq volume was above average and a number of key indices and ETF’s recorded all time highs, Not 52-week highs, Not 6-month highs, All time highs. The NYSE Composite, the Dow, the S&P MidCap Index, the S&P 500 Equal Weight Index, the Finance SPDR (XLF) and the Materials SPDR (XLB) all recorded new […]

On Wall Street, the bulls and bears are in a constant struggle. If you haven’t heard of these terms already, you undoubtedly will as you begin to invest. The Bulls A bull market is when everything in the economy is great, people are finding jobs, gross domestic product (GDP) is growing, and stocks are rising. Things are just plain rosy! Picking stocks during a bull market is easier because everything is going up. Bull markets cannot last forever though, and sometimes they can lead to dangerous situations if stocks become […]