Online Stock Trading - Stockmarkets Poised at Critical Levels
Is it to time to buy stocks yet ?NYSE - U.S. stocks opened higher today as brave investors stared into their online stock trading screens and decided there were bargains to be had after yesterday's stockmarket sell-off, which was started by concerns about Tim Geithner's financial rescue package which many saw as unexciting.
Bank shares recovered a bit, with Wells Fargo up 1.2% to $16.60 and Bank of America up 4% to $5.78.
The Dow Jones industrial average is up 41 points or about 0.5% at 7,933. The S&P is up 4 points, or 0.5% at 831. The Nasdaq Composite is up 7 at 1,531. The FTSE is flat.
Research in Motion is down 10%.
It looks as though markets are not too convinced by their slight rally and could well turn down.
822 Critical Level on the S&P.
Art Cashin sounded a slightly negative note on CNCB this morning, saying that 822 is the level you need to watch on the S&P, if it drops through that then we could be back to November's lows.
0 comments:
Post a Comment