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Daily Archives: July 8th, 2008

Oil Falls, Financials Jump! SPX, Nasdaq, MA, MER, PRU, CELG, SVNT, BIIB, GENZ, AA

July 8, 2008 – 5:44 pm

The market started out flat, but, continued to gain strength through out the day. Oil fell again, by more than $5 today. The financials reversed their morning weakness and led the market up straight to the close. XLF jumped +6.48% and closed above $20 (the support level that we’ve been looking at). […]

By HappyTrading | Posted in AA, GENZ, Nasdaq, SPX, CELG, MA, BIIB, MER, PRU, SVNT | Comments (0)

Premarket Analysis for 7/8- Upgrades/Downgrades, Gappers, Actionable Calls

July 8, 2008 – 5:29 am

Submitted By Optiondragon

“Days Go by”- Dirty Vegas
From Briefing.com

Periodicals Wrap-Up for Tuesday, July 8th
WALL STREET JOURNAL: A loss of confidence in the government sponsored mortgage firms Fannie Mae (FNM) and Freddie Mac (FRE) resulted in both companies shares plunging about 15% to 14 year lows. Because the two are the largest providers of funding for mortgages […]

By optiondragon | Posted in Uncategorized | Comments (0)