Stocks Rise; Oracle and Nike Beat Estimates
Stocks are higher on Friday, after yesterday’s pullback.
Today’s
Market Bias page is giving no clear signal, with both some
bullish and bearish alerts triggering. Usually, this would warrant
a neutral stance, with perhaps a slightly bullish bias due to the
market trading above the 200-day MA.
However, the
Stock Indicators page is still showing more opportunities in
the bearish lists.
Earlier today, the Fed’s Kohn commented on housing, subprime
lending and Tuesday’s rate cut (full
story).
Apple
(
AAPL |
Quote |
Chart |
News |
PowerRating) CEO Steve Jobs, was reportedly
subpoenaed by SEC in stock options case (full
story).
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Market Snapshot
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