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Index Indicators still Positive, But

Steve Patterson (August 21st, 2008) Writes:
Index Indicators still Positive, But This has been a very difficult week for stocks and Thursday is looking to be another day of negative movement in the indexes. The index indicators are still showing a positive bias but with this weeks action they could signal a hold instead of a buy today or tomorrow. Oil, Gold and Commodities Oil (USO), gold (GLD), and other commodities such as coal (KOL) and grains (MOO) are doing well today as the dollar (UUP) has fallen. This is a problem for the stock market as the price of oil falling has led the markets higher recently despite not the best earnings news. Financials Again When everyone is hoping the credit crisis is behind us, it seems like the financial story will not end. Freddy ...

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