Wednesday, April 2, 2008

Stocks Soar Despite More Bank Writedowns

Tuesdays have been very good for the market lately. 3 of the last 4 Tuesdays have seen these +3% rallies in the major stock indexes. Don’t ask me why.The bullish trends that I highlighted earlier remained in place all the way into the close, with the markets finishing at their highs for the session. Here are the highligts of today’s session:Negative financial headlines didn’t hurt the marketThe Nasdaq 100 spiked +4.1% higherToday was a 90% upside volume dayGold fell another 4%, br[...]

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[Source: The Money Blogs]

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