Sunday, February 03, 2008

Stock Market Status as of Sunday, Feb 3, 2008

Here is the analysis of the current market situation.

DJI ( Dow Jones Industrial Average ):

The Dow Jones Industrial Average is still in a down trend. It's current momentum is upwards.
If it crosses the 13000 and then moves up, the trend will turn bullish. If it just "kisses" 13,000 and drops back, the trend will still be bearish.


DJI




QQQQ

QQQQ is also in a downtrend, but the current momentum is upwards.




YHOO

It suddenly "became bullish" due to the news about possible merger/acquisition(??) with Microsoft. Let us see if it follows through. News based trading is often unreliable.





AAPL

Still bearish...






GOOG
Still very bearish..





IBM

It is bullish at present.





MSFT

Bearish trend..