Added: Aug 27, 2008

From: stocktock

Duration: 9:58

StockTock.com discusses some significant technical events that occurred today as this market continues to trend higher after last Tuesday's short-term bottom. The 1291 level is key resistance for the S&P. We think Nat Gas (UNG) is a buy at this level and we question the sustainability of the rally in financials. We also look at USO, GS, LEH, FNM, and IWM.

Channel: Education

Tags: analysis  business  charts  economics  etf  market  nasdaq  oil  qqqq  resistance  s&p  spy  stock  stocktock  support  technical 


Rating: 5.00 (9 ratings)    Views: 501' favoriteCount='1    Comments: 1

xenix2012 Says:

Aug 27, 2008 - The IWM rally makes absolutely no sense to me. The whole market really has taken leave of its senses.