Bulls on Parade, end week the week feeling good.
Filed Under Market Commentary |
Friday’s action was great for day traders. The NASDAQ did close the day above the open filling the gap and possibly shutting the door on the exhaustion gap. At this point we won’t know until later. As we look to the next week we’ll be seeing some economic data!
Key Economic numbers to watch for:
Tuesday:
S&P/CS Composite-20 Home Price
S&P/CS Composite-20 Mom
Consumer Confidence
ABC Consumer Confidence
Wednesday:
Durable Goods Orders
Durable Goods ex-Transportation
Thursday
GDP Annualized
Not that I would be chasing anything here but lots of growth stocks look extended to me. EDU is the only stock I see that is within its pivot as I highlighted in an early post.
I’ll be posting throughout today!
Get ready to rock and roll!
Aloha and Happy Trading,
MS
marketspeculator@gmail.com
Last 5 posts in Market Commentary
- Three 2009 Stock Market Predictions - January 4th, 2009
- US Dollar Woes? - January 1st, 2009
- Merry Christmas! - December 25th, 2008
- Stocks Slide on Low Volume - December 23rd, 2008
- Santa's Rally Still Intact; Stocks Continue Moving Higher - December 20th, 2008
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