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Zantrio.com Market Review March 19, 2010
Friday, March 19, 2010
by Zantrio Commentators of Zantrio.com
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Stocks ended their eight day rally today. Yesterday the Dow Jones industrial average rose to new highs that haven't been hit since October 2008, the Dow, Nasdaq and the S&P 500 are all on pace to end the week with gains; this will be the fifth out of six weekly gains for all three. Stocks fell as Greece announced they needed to seek help elsewhere if the EU couldn’t give an answer by this weekend. Greece's financial problems have shown in the markets over the past two months, causing spurts of selloffs. Today’s selloff came after news from Greece and also news that Palm posted worse than expected quarterly profits. Tech shares fell today, along with financial shares as the dollar rose to two week highs against the euro. Commodity prices fell as the dollar continued its rise through the session, gold fell $20.00 to $1,107.40 and crude oil fell $1.52 to $80.68. At the end of the trading session, the Dow Jones industrial average fell 60 points, the Nasdaq Composite index fell 40 points and the Standard & Poor’s 500 index fell 10 points.
Free Daily Stock Picks activity and results for March 19, 2010:
POL - 3rd Target Level hit for a gain of 0.57 points MSTR - Stop hit for a loss of 1.00 point SPWRA-PM - 3rd Target Level hit for a gain of 0.80 points
Total: 3 positions; +0.37 points; +$37.00 (based on 100 shares)
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Stocks Day Trading Picks results: Total: 11 positions; +1.9 points; +$19.00 (based on 100 shares)
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Forex Day Trading Picks results: Total: 3 positions; +$595.37 (based on 1 contract)
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Futures Day Trading Picks results: Total: 7 positions; +$925.00 (based on 1 standard lot)
Recent articles from this author
- Zantrio Market Review May 5, 2011 - Thursday, May 05, 2011
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About the author
To sum it up: Zantrio is an online trading and investing community. We aim to inform and educate traders who are active in the stocks, futures, Forex, options and etfs markets. Whether you are an ultra active day trader or a casual investor, Zantrio is the online community for you! The community offers market news articles and trader blogs, an active forum, market tools, broker reviews, a financial and business dictionary, e-books, trading signals, and one-on-one training programs. We also do our best to add a little humor to the typically serious and stuffy financial world. For instance, we're in the process of building a wiki of financial jokes and pithy financial one liners. Seriously. Click here to learn about Zantrio and view our frequently asked questions. Click here to join the Zantrio community today! The sign-up process takes less than 30 seconds, so you should just sign-up already.
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