Daily US Stock Market Fundamental & Technical Analysis

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At The Door Of A BreakOut Again...

Posted on May 15, 2008

FUNDAMENTAL ANALYSIS12992.66 is the level the Dow closed at today, right at the doorstep of the 13000 resistance level once again! The stimulus behind the move is clear... the retreat in oil price below $125! One interesting phenomena to take note of today is that the jobless claims number and the Empire state index actually turned in slightly worse that expected but investors don't seem to care at all! Why is this so? It is clearly because investors are already in the recovery mental model ! With this mental model in place, investors would take negative numbers lightly and put more weight on...

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crude , expiration , oil , oil price , options , short term , volatility