Tuesday, January 29, 2008

Recent Trading Levels

Taking note of some recent levels in comparison to those that might be pivotal:
  • NAZ: peaked at 2408 on Friday
  • S&P: hit 1369 on Friday
  • DOW: peaked at 12,487 on Friday

There are skeptics when it comes to technical analysis and the stock market. Look, it's more about psychology than it is about stocks. Just glad to know what I'm doing.

Also, as of Jan. 25, 160 S&P 500 companies have reported earnings. 59% have beat expectations, 14% have been in-line, and 28% missed, according to Thomson Financial.

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