NASDAQ and Russell 2000 on Hold
Posted on Thursday, September 4th, 2008 | In Market CommentaryNASDAQ and Russell 2000 on Hold
The NASDAQ Composite and the Russell 2000 have signaled a hold mid-week with the Dow Jones Industrials and the S&P 500 still long. This was anticipated on August 21st as the indexes where not climbing but trading in a range and the news around the market was not bullish.
The continued decline in oil should be pushing the averages higher but it is not. The financials continue to weight on the market over a year after the initial credit crunch began. Continue to monitor the indexes and base your overall portfolio upon the trend in the main four.
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Last 5 posts by Steve Patterson
- Research In Motion Has Growth - April 17th, 2009
- Gold Rallies on Economic Uncertainty - February 20th, 2009
- Sony Layoffs - Sony Corp (NYSE: SNE) - December 9th, 2008
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- Short the United States Oil (AMEX:USO) ETF - November 6th, 2008
 About Steve Patterson (http://www.fastswings.com/)
Steve Patterson is a trained software engineer with an engineering degree in computer science and a MBA from Capital University in Columbus, Ohio. He has been an active trader of stocks and options for the past 10 years with a focus and technology and large cap stocks. In addition, he is the editor and one of a number of writers on several web based publications that he owns and operates. |
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