Thursday, September 13, 2007

Bulls Regain Some Control

Tuesday rallied throughout the day to close the broader markets green on mixed volume. The NYSE was heavier volume than we saw yesterday and the Nasdaq on lighter volume. Showing less tech participation than big cap participation. Semis held their own and a green day, but nearing the 50dma resistance. Gold rallied to close up $8.90 on the day at $721.10 an ounce. Crude closed up 78 cents at $78.27 a barrel after OPEC announced letting some reserves out to increase inventories. We have weekly inventories tomorrow (Wednesday) morning that will be close[...]

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[Source: The Money Blogs]

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