Stock Observations Using Technical, Fundamental & Sentiment Analysis
Thursday, February 25, 2010
S&P500 & Dollar
New claims for unemployment benefits jumped unexpectedly last week, mostly because state agencies processed a backlog of claims caused by snowstorms the previous week.News from the Health Summit & Bernanke's testimony are weighing on the markets today. In the chart below the downside to the S&P500 is around 1065. For the dollar, it is still finding the 81 level tough resistance.