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Message: Friday Market

Re: Friday Market - Update, Just for You Repair (and Everyone Else)

in response to by
posted on Aug 21, 2009 06:11PM

On Pinks - BEHL sp, after being pretty much flat for most of the trading day, gets an end of day lift to 0.0650 after seeing a low of 0.0580. Today's news release, a Friday afternoon PR (something rumored that CEO Fisher enjoys) that BEHL can now deliver what they promise, made for a late trading day pop of a half penny. Technicals: 15min Bullish, 60min converged and set for Monday Bullishness, Daily Bearish but converging. Fisher's PR gives promise for a good Monday after investors evaluate today's news release over this weekend.

Dow stayed Bullish and closed above 9500 which bodes well for next week's Market. Appeared to be some profit taking in the Banks (sp up but OBV down). Existing home sales and Uncle Ben's comments gave the Market a boost. News out that we, as taxpayers, made $10B on the AIG deal. Technicals say investors have strong confidence in the Market. Options expiration week ended. Most all of Market up... It was all good today. Still a good idea to stay diversified in your portfolio.

Energy sees Oil and NatGas leading the way. Solar hammered.

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