Posted on 07/02/2010 2:22:18 PM PDT by blam
Markets Dive In Final Moments Of The Day: Here's What You Need To Know
Joe Weisenthal
Jul. 2, 2010, 4:01 PM
We're going to keep this short, because it was a quiet day, and you should be off your computer anyway.
First, the scoreboard:
Dow: -50
NASDAQ: -10
S&P 500: -4.5
Recap:
* There was very little news today following the release of the June jobs data, which was weak, like everyone expected. Markets headed lower in the early going.
* Factory orders also came in weaker than expected.
* At one point the major indices were down just over 1%. Then they ramped back. Then they fell going into the final moments of the day.
[snip]
(Excerpt) Read more at businessinsider.com ...
PPT screwup?
PPT had to get on the road to the Hamptons- lotta parties starting tonight
Dow: -50 is hardly a nosedive at the closing bell. Down 350 maybe, but +/_50 is just an average day, a quiet day in fact.
Please, they were down all day.
Getting tired of all the self fulling negative attitudes.
Last time I looked it was up about 12, what happened?
Last time I looked it was up about 12, what happened?
It fell in the final moments.
The flop at the end looks more like business as usually. A look at this past week's S&P500--
--kind of gives the impression that the earlier support level turned into a resistance level (people bought for a couple days and then just wanted their money back) and that's what swatted down the blip 15 min. before closing bell.
My take.
Look at a chart over the course of the last year. Looks like a head and shoulders and now it has broke 10,000. This means it will probley test 9,000 in the next couple of weeks.
Oh, cool, I love charts! Thanks.
I was sorta hoping for at least a slight up for the long weekend.
“Please, they were down all day.
Getting tired of all the self fulling negative attitudes.”
OK, well there was this news today:
It’s been a long time since the market went down 7 days in a row, as it has just done. The last time was during the financial panic of 2008.
Feel better now?
There was absolutely no one working today except traders.....and there is no way they wanted to hold over a long weekend.
That makes sense. My husband worked today, but he’s in the financial industry.
..............It fell in the final moments................
Not too many want their money on the table for a US three day weekend, when Europee and Japan could blow up on Monday.
Me too. There's lots of things going on with stocks in particular and economics in general that are soo much easier to get a handle on by just seeing the prices/percentages over time, and thanks to threads like these sharing info's been getting easier than ever. Ping me whenever you see stuff like this show up. Please.
if it wasn’t for the PPT over the past 5-6 months we’d be looking at DOW 7500 ...
Have u been buying this market?...most of the pitiful volume is done by commercials....very little retail
I will try to remember. I wonder if someone does a ping list on that stuff.
Look at a chart of the market. It was slow, strong and steady for years then went crazy but, if you would chart its growth at its “normal” growth it would be in the low 9,000 range where it is.
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