Friday, October 7, 2011

Stocks close lower....

Kind of a subdued day until the last hour.  Buy programs kicked in at about 3:15 pm and ran stocks higher...to where the Dow was up 84 points and the Nasdaq even turned positive.  Then as we moved closer to the close, all those gains were erased as traders took those quick profits.  Basically, the last hour ended up being a wash.  Closing numbers:

Dow -19
Nas -27
S&P -9 to 1155



Banks and oils were the weakest groups.  There were a few stocks that looked good:

IBM was up 0.70 to 182.39
PEET was up 1.69 to 57.42
DLTR was up 1.23 to 77.68
WMT was up 0.95 to 53.70
AMZN was up 3.23 to 224.74

I'll try to post some charts over the weekend.  Have a nice one.

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