Wednesday, January 16, 2008

Volatile stocks, little decided

After a volatile day, not much decided in the markets. Dow pulled back about 100 points in the final hour for a finish of down 35, advancers equaled decliners while NAZ took a bit hit, down 23 (1%). Fallen angels I watch had a nice day. It looks like traders have been ready my blog, so they bought. INTC news weighed heavily on the tech sector as shown in the NAZ. Earnings announcements from JPM & WFC were absorbed very well. Meanwhile gold fell 20 to 883 & the Treasurty bond closed with a 3.71% yield.

There will be a ton of earnings announcements in the next couple of weeks, high volatility will continue.

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