Houston's Yao Ming has a foot fracrure that hasn't healed. Has his basketball schedule been too much for his body to handle? I would say so.
So what is the Rockets next step? Houston's GM will earn his salary next season. Resign Artest? Resign McGrady? Maybe McGrady in a sign n' trade deal....Stay tuned.
Sure, the Orlando Magic has Dwight, Sure, the Orlando Magic has Jamir, Sure, the Orlando Magic has Rashard, Sure, the Orlando Magic made a blockpuster trade for Daytona Beach native, Vince Carter, but Hedo, we need you.
You have a very unique set of skills that will be hard to replace. If Hedo is resigned, pencil The Magic in as the Eastern Conference Champs.
Markets got off to a slow start but ended up for the day. Being a holiday shortened week will allow for low volumes with accompaning vix swings movements.
Monday, June 29, 2009 Market Results
DJIA +90.99 S&P 500 +8.33 Nasdaq +5.84 Russell 2000 -2.61
The Russell Index is still adjusting from its restructuring from last week. We will cautiously maintain long positions noting that we broke thru resistance at 923, but approaching resistance at 930.
We also note that the ADX technical indicator has given a buy signal with the pending MACD cross ready to confirm buy.
His stats could certainly bare it out. Zack Greinke, Kansas City Royal ace and local Central Florida product. Alot has been mentiined about his dislikeing social contacts. So what, give the guy his privacy.
Well, after 4 days of jury duty, I am back with a market update.
Markets had a nice run today after bouncing off the 50 and 200 period moving averages.
Thursday, June 25, 2009 Market Results
DJIA +172.54 S&P 500 +19.32 Nasdaq +28.76 Russell 2000 +14.23
The market made a swing low of 888.86. A cross on the PPO will confirm a buy on the S&P's. A stop can be placed under the swing low depending on your risk tolerance.
Triple witching came and went with a wimper. The indexes opened higher, sold off around midday, and had a brief recovery into the close, only to/sell off again. Today we had a higher high and a higher low.
Friday, June 19, 2009 Market Results DJIA -15.86 S&P 500 +2.85 Nasdaq +19.75 Russell 2000 +3.24
Lets look at the daily chart.
The weekly chart did make lower high and a lower low. This market will be carefully followed next week.
Today on the S & P 500 we made a higher high and a higher low. Remember, the trend is your friend. It should be noted that the Nasdaq had an inside day and finished lower (typically market leader). It should also be noted that 424.56 held on the OEX, a close below, would cause concern.
Thursday, June 18, 2009 Market Results DJIA +58.42 S&P 500 +7.66 Nasdaq -2.09 Russell 2000 +2.45
Tomorrow should tell us whether we can break the 200 period moving average to the upside, to continue our upward bias.
WIDGETIZE