Sunday, 8/14/2011

Weekly Market Analysis
Last week Stories U.S. stocks capped a turbulent week with solid gains Friday, bolstered by a dash of optimism that Europe would find some stability in coming sessions.
But the day's gains weren't enough to erase two deep selloffs that knocked more than 1% off the indexes for the week.
The Dow Jones Industrial Average (DJIA) lost 1.5% for the week. The S&P 500 (SPX) was down 1.7% for the period, and the Nasdaq Composite Index (COMP) shed 1% for the week.
Oil (CL1U) lost 1% on the week, which follows losses of 9.2% in the previous five-day period.
Gold extended its losses for a second straight day, following a stellar record run earlier in the week. Those earlier rallies guaranteed a gain: Gold (GC1Z) rose 5.5% for the five-day period, which included an intraday record of $1,801 an ounce and a settlement record on Wednesday.
Wrapping up the wild week, Treasury prices rose on Friday, pushing yields down and adding to the week's big decline, after a report showed U.S. consumer sentiment fell to its lowest level since 1980 this month.
For the week, 10-year yields(10_YEAR) have fallen from 2.56% to 2.25% â€” the third straight weekly decline and the biggest since December 2008.
Monday was down after S&P Downgrade US credit rating from AAA to AA+, this bring all financial stocks down more than 10%, BAC, C, & GS. Dow down //more than 5% Tuesday after the FOMC, the fed stated to keep interest rate low (0.25%) for until 2013, this bring stocks up to more than 5% Gold started to rally and oil was down to 74 /barrel, but then on wed started to rise again.Gold reached 1800/troy ounce//
On wednesday stock plummet again to more than 10%, again financial stocks got hit. on Thursday.. catalyst by dropping initial claim 7000 to 395000, first time in 4 month, stock up by more than 5%.. on Friday,.. retail sales beat estimates, 0.5%.. above consensus 0.2%, biggest increase in several month, but michigan consumer consumer was down from 63.7% to 54.9%.. loweest in 3 decades. but stocks were up 1.13% while S&P 0.6%.
Technical Analysis
The Dow