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10-08-2006, 01:56 AM
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Optionetics.com
VOLATILITY ALERT: Strength Continues for Stocks
Friday October 6, 8:00 pm ET
By Jody Osborne
Overall Market Volatility: The major market indices continued their bullish ways this past week despite some profit taking on Friday. The Dow (^DJI) added 171.14 points, or 1.47 percent, to 11,850.21. The S&P 500 (^SPX) tacked on 13.73 points, or 1.03 percent, to 1,349.58. The Nasdaq (^IXIC) gained 41.29 points, or 1.83 percent, to 2,299.99.
This week saw oil prices come down another five percent, although there are now talks that OPEC will hold an emergency meeting to cut production quotas. Even this news didn’t drastically spike oil prices, as there is abundant supply right now and we are heading into a seasonally slow period for crude consumption. Nonetheless, economists feel energy prices will need to stay contained in order for stocks to continue their bullish ways.
The fear indices were rather flat this past week with the CBOE Market Volatility Index (^VIX) down 3.51 percent to 11.56. However, the Nasdaq Volatility Index (^VXN) added 1.64 percent to 17.97. Overall, there has not been a huge change in the fear indices even as stocks have moved higher. This is a positive sign, as some degree of fear needs to remain in order for the bull market to continue.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/opt/061006/opt_15839.html?.v=1)
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Optionetics.com
VOLATILITY ALERT: Strength Continues for Stocks
Friday October 6, 8:00 pm ET
By Jody Osborne
Overall Market Volatility: The major market indices continued their bullish ways this past week despite some profit taking on Friday. The Dow (^DJI) added 171.14 points, or 1.47 percent, to 11,850.21. The S&P 500 (^SPX) tacked on 13.73 points, or 1.03 percent, to 1,349.58. The Nasdaq (^IXIC) gained 41.29 points, or 1.83 percent, to 2,299.99.
This week saw oil prices come down another five percent, although there are now talks that OPEC will hold an emergency meeting to cut production quotas. Even this news didn’t drastically spike oil prices, as there is abundant supply right now and we are heading into a seasonally slow period for crude consumption. Nonetheless, economists feel energy prices will need to stay contained in order for stocks to continue their bullish ways.
The fear indices were rather flat this past week with the CBOE Market Volatility Index (^VIX) down 3.51 percent to 11.56. However, the Nasdaq Volatility Index (^VXN) added 1.64 percent to 17.97. Overall, there has not been a huge change in the fear indices even as stocks have moved higher. This is a positive sign, as some degree of fear needs to remain in order for the bull market to continue.
complete article here... (http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/opt/061006/opt_15839.html?.v=1)
____________________________
<a href="http://www.skousenhedgefundtrader.com/visitor.php?offer=hfs49a.html">click here to read a free report<br>
<a href="http://www.skousenhedgefundtrader.com/visitor.php?offer=hfs49a.html" target="_blank"><img src="http://www.stock-monkey.com/ads/skousen/skousen450x217.gif" alt="" border="0"></a><br>
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