Sharck Soup Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Sharck Soup

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sharck who started this subject	4/18/2001 4:05:03 PM
From: besttrader	of 37746

15:30 ET Dow +390, Nasdaq +168, S&P +46.18: [BRIEFING.COM] With a half hour remaining in regular session trade activity, the indices are holding the bulk of today's gains. In light of today's move, we thought it would make sense to take a look at how the markets reacted to the last inter-meeting rate cut on January 3, 2001. Not unlike today, stocks staged a massive one-day rally on the day of the rate cut. We saw some residual follow through on the day following the rate cut which fizzled about mid-day. That marked the near-term peak; from that highpoint the indices retraced roughly 10% before consolidating for another move higher. DJTA +3.5%... DJUA -0.7%... SOX +13.6%... XOI -1.0%... BTK +6.7%... Nasdaq 100 +11.5%... S&P Midcap 400 +4.0%... Russell 2000 +3.1%... NYSE Adv/Dec 2084/988... Nasdaq Adv/Dec 2908/1077.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next