Tuesday, March 27, 2007
Bad Housing No Affect
Firstly a quick apology. For some reason I am having lots of trouble logging into my blog. Somedays it works and others it doesn't hence the intermittent nature of posts recently. I have contacted Blogger and we are working on this problem.
Back to the markets. The SPX finished up (again) to close at 1,437.50 and we are still in green but looking sick!
Earlier on the back of a very poor new homes report the SPX was down 13 points but it recovered after investors took heart from the close of crude futures below $63 a barrel and some positive brokerage talk about technology giants like eBay and Dell.
We are close to our stop loss and we might as well see it out now. The markets have defintiely slowed down now and there is still a chance they could fall if the rest of the economic data this week is not good. If it is hit we will shut the trade and repostion to get back some of our losses.
Until next time.
Back to the markets. The SPX finished up (again) to close at 1,437.50 and we are still in green but looking sick!
Earlier on the back of a very poor new homes report the SPX was down 13 points but it recovered after investors took heart from the close of crude futures below $63 a barrel and some positive brokerage talk about technology giants like eBay and Dell.
We are close to our stop loss and we might as well see it out now. The markets have defintiely slowed down now and there is still a chance they could fall if the rest of the economic data this week is not good. If it is hit we will shut the trade and repostion to get back some of our losses.
Until next time.
# posted by Paul @ 4:41 AM 
