Monday, August 13, 2007

Fed Is Likely To Rule The Week

Friday closed with a mixed finish after the Fed tried to ease credit fears with an infusion of money. The broader indexes did managed to come off early weakness and close mid range, but only the S&P 500 closed green on the day. The week did close higher across the broader markets and overall left us in the same range as the prior week. Volume Friday was significantly lower than Thursdays and the week was lower on the Nasdaq and higher on the NYSE. Nasdaq Composite closed just over the 200dma and the weeks lows. Nasdaq 100 made new lows Frida[...]

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[Source: The Money Blogs]

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