Friday, November 26, 2010

Weekly Digest - Week of 11/22/10

Even though we had a short holiday week we did see a lot of price action going on.  The market saw a nice sell of on Tuesday with a -1.43% drop on Korea and Irish debt fears.  Again, the market quickly paired its loses on Wednesday with a gain of +1.49%.  S&P500 tried again to capture the 1200 price level but ended up just short of it.  Saw a lot of breaking down in the currency pairs and market overnight and going into Friday.  Market held true to the sell off and continued to fall on Friday.

S&P500 and Dow Jones finished the week down just shy of 1% while the Nasdaq finished positive.  Technology saw a lot of strength this week with AAPL, NFLX, AMZN all generating big up days. 

Trading has been relatively light for me this week.  Sold of Massey Energy at the beginning of the week when they announced they will be sold and shares jumped 5%.  Had a couple of day trades for a small loss.

Next week should continue to be an interesting week...Stay tuned for the Market Forecast

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