Monday, September 15, 2008

Basic Materials Setting Up For Another Leg Down

NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Stocks followed up the previous day’s bearish reversal with a narrow-range day of choppy, noncommittal trading that caused the major indices to finish with mixed results. The Dow Jones Industrial Average eked out a gain of 0.1%, but the Nasdaq Composite fell 0.7%. The benchmark S&P 500 Index was lower by 0.2%. Small and mid-cap stocks also showed divergence with one another. The Russell 2000 advanced 0.5%, as the S&P Midcap 400 lost 0.7%.&nb[...]

Read More...

[Source: The Money Blogs]

No comments:

Post a Comment