Thursday, November 1, 2007

Oil Service Holdr (OIH) Resumes Downtrend

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Much like the previous day, stocks remained in a holding pattern ahead of this afternoon’s Fed report on interest rates and economic policy. Just as the major indices finished modestly higher on Monday, they closed lower by an insignificant percentage yesterday. The narrow, sideways trading range of the broad market was also similar to the prior day’s price action. Continued leadership in the tech arena enabled the Nasdaq Composite to close unchanged, but the S&P 500, Dow Jo[...]

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[Source: The Money Blogs]

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