Tuesday, August 25, 2009

fkli chart also show well defend ...but still under power. see how after 4 pm


powerful sg

Home prices and consumer confidence are on the menu Tuesday.Tuesday's focus will be the S&P/Case-Shiller home price index, issued at 9 a.m. and consumer confidence, released at 10 a.m. Investors are also watching the Treasury's auction of $42 billion 2-year notes at 1 p.m.Stocks Monday started the day higher, but ended the session mixed and virtually unchanged. The Dow was up 3 at 9509, and the S&P 500 was down 0.56 at 1025.57. Traders Monday were watching unusual trading activity in several financial stocks, Fannie Mae, Freddie Mac and Citigroup. All three were up on heavy volume and accounted for about 21 percent of the total NYSE volume. Some traders attributed the moves to a momentum trade. Fannie was more than 40 percent higher, while Freddie was more than 18 percent higher. Tim Smalls of Execution LLC said the lack of players in the stock market will keep things quiet.

No comments: