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Daily Archives: August 31st, 2009

Danger Zone: SPX, Nasdaq, MVL, DWA, SVA, GS, WFC, JPM

August 31, 2009 – 4:31 pm

The US stock market opened down today, following the overnight weakness in Asia.  Commodity sectors were very weak.  Crude went below $70/barrel and gold dropped to $945/ounce before bouncing back to $950.  SPX tested 1015 and Nasdaq tested 2000 (as discussed in my Market Forecast last night).  The market did get a small bounce just before [...]

By HappyTrading | Posted in DWA, GS, JPM, MVL, SVA, WFC | Comments (0)