One pro's view of the stock market. Stock screens, market analysis, trading tools, stock research, investment ideas, portfolio analysis, trading lessons, investment commentary, trading tips, and more are provided by Charles E. Kirk.
Visit Kirk Report
Another Week, Another Rally
Posted on May 16, 2008
One week ago I said that Technically, the S&P 500 held its 20 day moving average (a good sign) but the bulls will need to really circle the wagons in the week to come. As we saw, they did exactly that and more. For the week the Dow rallied +1.82%, the S&P 500 +2.59%, Nasdaq +3.35%, and the Russell 2000 +2.92%. The top performing sectors this week were heavy construction, building materials, data storage, metals & minerals, gaming, steel & iron, oil & gas drilling, semiconductors, copper, shipping, mortgage investment, and homebuilders. The worst performers were medical practitioners, regiona...
Original article link
Subscribe to Kirk Report