Tuesday, November 4, 2008

Change -- New President




The market is rally today as Dow Jones up 305, Nasdaq was up 53.8,S&P500 was up 39.45.
Many said it is because of the presidential election, well, but as for technical analysis point of view, it is probably more than that. The chart had shown the reversal of the trend (short term) a week ago, the election effect had been priced in already.

Anyway, US has made history by elect the first President with African background. It shows that the US is still a young, energetic country.

Marvell stock leaped 9.85% today as it announce earning forecast below previous predicted as the economic slow down, and was upgraded by analyst.

Today's trade:
Bought STX $7.9 (12.29pm)
Note: cancel order at $7.56 as the price looks climbing up and change the order to $7.9;
the price then went back down and closed at 7.53.
this is a rush trade. after hour price was $8.12.

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