Sep 10
2
Dow Up 50 -
The Dow Jones Industrial Average finished higher for the third day in a row. The 50 point gain on Thursday sets the market up for a Friday jobs report and possibly a light trading day. The holiday weekend may have an effect on swings in the Dow on Friday as well as Tuesday.
To read a related Wall Street Journal article, please click here:
Jim Sutliff
Aug 10
26
Hindenburg Omen -
MarketBeat, the Wall Street Journal blog, has an article on the Hindenburg Omen and the possibilities of another stock market crash. The Omen has predicted a major stock market crash 25% of the time and the criteria for the Omen has already been fulfilled twice in August. The criteria include several types of market data which include the number of new 52 week highs and lows.
To read the MarketBeat Wall Street Journal article, please click here:
http://blogs.wsj.com/marketbeat/2010/08/23/yes-folks-hindenburg-omen-tripped-again/
Jim Sutliff
Aug 10
18
GM IPO -
GM ha filed registration papers for their long awaited IPO. The initial public offering is reported to include preferred as well as common stock. This will provide the government with an opportunity to sell a portion of their stake in the firm as a result of the bailout.
To read a related Wall Street Journal article, please click here:
James Sutliff
Aug 10
15
China Shifts From Dollar -
China is starting to make moves away from the U.S. Dollar and towards the Euro and the Yen. Concerns relating to the U.S. economy were cited as one of the reasons. China has the largest foreign exchange reserves amounting to $2.45 trillion.
To read a related Bloomberg article, please click here:
Jim Sutliff
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