Monday, November 19, 2012

Market Review (11/19/2012) and preview for tomorrow

Great day in the markets today and the major indices all rallied today. MAJOR RALLY! The Dow Jones Industrial Average made its biggest rally in more than two months. Strong data from the housing market and investors looking for signs of compromise in Washington on the "fiscal cliff." European markets rallied on speculation on U.S. fiscal progress.

Dow Industrials - +1.65%
SP500 - +1.99%
NASDAQ - +2.21%


Looks like the upside is until the 1400 1410 area for the SP500 during the week. We should most likely see the markets hang in that region this week.

Important data to be released for tomorrow that I am looking for is the Housing Starts data. Fed Chairman Ben Bernanke is also speaking tomorrow which could decide the direction of the markets for the remainder of this week.


CLWR - huge flag waiting for the breakout off the triangle


HGSH - this has upside left. good housing data came out today lots of juice left on this stock


OCLR - keeping on the radar for now, there is interest in this stock. more upside left


ODP - looking for the breakout

No comments:

Post a Comment