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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
Today's Open: Down And S&P Five-Star Rated Stocks
Seesaw Session on Wall Street
PICTURED BELOW: The S&P 500 Index bounced right at support offered by its 50-day moving average (DMA) line. However, light volume behind the benchmark index's latest gains is a worrisome sign that buying demand is not as intense as the selling pressure that the market recently encountered. Additional distribution days could pose a more serious threat to the market's ongoing rally, and violations of the recent chart lows would very likely lead to greater downward momentum in equities. That's why it will be important to see the major indices find support near their 50 DMA lines.
"U.S. stocks headed toward a moderately lower opening Tuesday ahead of a profit report from Lehman Brothers Holdings Inc."
Yesterday, the influential financial stocks traded with a positive bias as the Broker/Dealer Index ($XBD +0.51%) and the Bank Index ($BKX +0.40%) posted modest gains. The tech sector was mixed while the Software Index ($GSO +0.13%), Networking Index ($NWX +0.28%), and Biotechnology Index ($BTK +0.13%) posted small gains, yet the Semiconductor Index ($SOX -0.41%) and Internet Index ($DOT -0.22%) ended with small losses. Stocks in the energy group got a lukewarm reception as the Oil Services Index ($OSX +0.36%) and Integrated Oil Index ($XOI +0.97%) posted modest gains. The Gold & Silver Index ($XAU +0.72%) traded up, and the Healthcare ($HMO +0.05%) group ended virtually unchanged.
From 24/7 WallSt.:
- Pre-Market Analyst Calls (June 12, 2007)
- Media Digest June 12, 2007 Reuters, WSJ, NYTimes, FT, Barron's
- Europe Markets 6/12/2007
Upgrades / Downgrades / Initiations from the WSJ
7 Stocks You Need to Know for Tuesday Tuesday's list includes: IBM, Citigroup and Nucor.
Wall Street Breakfast in Seeking Alpha by SA Editors on Jun 12th What you need to know in early trading today.
The Best Fidelity Funds for a Growth-Led Market Morningstar.com
David Fry's Market Outlook for Tuesday in Market Overview by David Fry on Jun 12th with stocks: DBC, EFA, FXI, GLD, SPY
S&P FIVE-STAR RATED STOCKS ( ***** Strong Buys) & 5-Star Rated Stocks from Morningstar and Schwab
- Market Wrap Links For Week Ending 7/25:
- Prudential, Keller Williams Agents Get Top Ratings
- What Is Washington Smoking?
- Pre-market Open News & Links For Friday
- How Housing Rescue Bill Can Help You
- July 2008
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- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
- e-techblog
- SiliconValleyWatcher
- Millionaire Now! by Larry Nusbaum
- Ludwig von Mises Institute
- Credit Bloggers
- Wishing Wealth
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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