Friday, October 5, 2012

The greece hope in the stock market!


What a day on Wall street,

The Market jumped higher today after Dragi his comments , the main reason for this event was a drop in the dollar! The dollar gapped lower and sold off for the rest of the day! The daily insp bear flag is not the best pattern anymore if we close on Friday above the 146.30 level I can see a move up to the highs of a few weeks ago! Also what I noticed on the chart was the weakness in apple! Market did have a nice day and apple closed negative! The main market leaders today where the banks $JPM and $GS where the main market leaders! The good thing on today’s action was that we have good scalping action!
All right see you all tomorrow for a new update! Also I give out some scalping levels for the coming day on $SPY,$GS and $AAPL.




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8 comments:

  1. UnknownOctober 17, 2012 at 4:56 AM

    Stocks in Greece had a positive performance during the last month. Greece Stock Market (ASE), rallied 82 points or 11.02 percent during the last 30 days. Historically, from 1987 until 2012, Greece Stock Market (ASE) averaged 2003 reaching an all time high of 6355 in September of 1999 and a record low of 97 in January of 1987. The ASE is a major stock market index which tracks the performance of large companies based in Greece. This page includes a chart with historical data for Greece Stock Market (ASE).
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