The Weekly Wrap: Saturday, February 11, 2006
11 February 2006‘Twas a boring week and the Dow led the pack with a +1.2% gain. Personally I’m bearish until I see the downtrend line of lower highs broken on the S&P 500 to the upside. Apple (AAPL), a personal favorite (not currently holding) continues it slide down, but I will be a buyer when it perks back up above the 9 day simple moving average. I do believe it will have another good year in 2006. By the way, Apple (AAPL) is a good day trading stock.
| Markets at a Glance | ||||
|---|---|---|---|---|
| Index | Started Week | Ended Week | Weekly Change | Yearly Change |
| DJIA | 10,793.62 | 10,919.05 | +125.43 (+1.20%) | +1.90% |
| Nasdaq | 2262.58 | 2261.88 | -0.70 (-0.00%) | +2.60% |
| S&P 500 | 1264.03 | 1266.99 | +2.96 (+0.20%) | +1.50% |
| Russell 2000 | 724.22 | 717.13 | -7.09 (-1.00%) | +6.50% |
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