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Market Outlook (09/03/13): STI In Consolidation For Past 6 Weeks!
By Dou  •  March 9, 2013

STI

 

In last week, STI gain 20 points from the opening of 3270 and close higher at 3290. A white candle stick with long lower shadow indicates investors has decided to lessen the risk and took profit off the table.

Key Economics Data report:

On Friday, a surprisingly strong employment report showing 236,000 jobs created in February put some steam under stocks. The Dow was up 2.2 percent for the week to 14,397, giving it a near 10 percent gain for the year. The S&P 500 jumped 2.2 percent to 1551, and the Nasdaq was up 2.4 percent to 3244. The small-cap Russell 2000 rallied 3 percent to 942.

The strong monthly jobs report sparked talk that the Fed could pull back on quantitative easing because of an improvement in the employment picture, but Fed watchers disagree. Barclay’s chief U.S. economist Dean Maki says he expects ...

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By Dou
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