Tuesday, February 23, 2010

Today's Market


A.) The drop in consumer confidence hit stocks hard after the open.

B.) Prices hit upside resistance from the EMAs

C.) After nearing the 38.2% Fibonacci level, prices retreated.
Posted by Hale Stewart at 2/23/2010 05:06:00 PM

1 comment:

olephart said...

The Philadelphia Fed, the New York Fed and the Chicago Fed all had positive readings for their manufacturing surveys. The Chicago Fed's readings flash recession over. Now consumer confidence plunges 10 points. It's like saying sunshine and warm temperatures with scattered tornados and snow.

February 24, 2010 at 8:24 AM

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