THE MARKETS Renewed fears over the possibility of another terrorist attack kept investors on the sidelines as prices declined on shrinking volume. Both the Dow Jones Industrial Average and the NASDAQ were under pressure, as investors remained skittish ahead of the looming holiday. For the week, the DJIA lost 249 points (-2.4%) and closed at [...]

THE MARKETS The oversold conditions which we discussed last week led to an impressive rally as the three major indexes all gained for the week. For the period the Dow Jones Industrial Average gained 414 points to close at 10,353. The S&P gained 52 points to close at 1107, and the NASDAQ posted gains for [...]

THE MARKETS Despite a 306 point rally on Wednesday the markets failed to follow through and ended the week on a down note. The rally appeared to be a “short-covering rally” in a continuing down trending market. A short-covering rally is marked by a reversal of a trend lower in prices. The rebound in prices [...]

THE MARKETS The Dow Jones Industrial Average bounced back from an oversold condition last week and managed to barely hold above the 10,000 mark. Friday’s drubbing (-85 points) came on the heels of a spike in the jobless rate to a 7 1/2-year high. The NASDAQ, led by weakness in the tech and chip stocks [...]

THE MARKETS The Dow Jones Industrial Average bounced back from an oversold condition last week and managed to barely hold above the 10,000 mark. Friday’s drubbing (-85 points) came on the heels of a spike in the jobless rate to a 7 1/2-year high. The NASDAQ, led by weakness in the tech and chip stocks [...]