SIRIUS XM Radio Inc. (SIRI) - Shares of SIRIUS XM Radio continue to trade above $1.00 which is positive because the company can avoid a potential delisting. I like the boutiques as long as it remains above $9.20, but if $9.20 fails, we could see a move down to $8.75. Goldman Sachs now has support at $160, but if $160 fails and the stock breaks back down through $157, I think you have to move to the sidelines. Goldman Sachs Group Inc. (GS) - Shares of Goldman Sachs Group Inc. failed at $187-$190 resistance on Friday and then got crushed as the SEC charged the company with fraud. Bank of America Corp (BAC) - Shares of Bank of America Corp made a high of $19.48 after better then expected earnings on Friday but then tanked with the Goldman Sachs Group news. Growth stocks have earnings growing at a faster rate than the market average.
Earnings are due out Friday morning! The stock spiked in the morning but cooled off during the afternoon. Oil is now trading at $45 in pre market this morning. His research also shows how stock market performance leading up to an election has also been a major indicator of the outcome. The Dow Jones Industrial Average closed at 8001 on 1/30/09, as the stock market fell on a better then expected GDP report and the rumor that the bad bank plan is on hold. Homebuilders’ optimism jumped to match the highest level on record in August as low interest rates and business reopenings drove a surge in housing market activity. Daily Finan. Bull 3X Shs(ETF)(FAS) - FAS is at the $118 resistance level. Support continues to be located at $70 right now and any pullback below this level is a strong buy. You’re looking for some advice before you take the leap, just to make sure you’re doing the right things. While the United States saw massive unemployment, the stock market, on the other hand, was experiencing growth because people saw trading as a way to make money.