Jan. 12, 2007 Recap and Stocks to Watch
The Nasdaq continued to lead the major indices higher on Friday. It closed at a new 6-year high and above its upper Bollinger Band for the second day in a row.The S&P 500 and Dow made new closing highs and are just a buy program away from making new intraday highs. So the technical picture is very bullish but we must keep in mind that the crush of earnings reports coming out this week and next will likely be the driver of the action in the short term. The charts of the indices and of DBA are below:
tagged: Bollinger_Band_Walk, Commodities, ETFs, PowerShares-DB-Agriculture-Fund-(DBA), Technical Analysis and Trendlines
