Saturday, January 12, 2008

US Market Summary 11 Jan 08

Dow 12,606.30 -246.79 -1.92%
Nasdaq 2,439.94 -48.58 -1.95%
S&P 500 1,401.02 -19.31 -1.36%

US end on a negative note on Friday amid renewed fears that the financial sector's troubles with bad credit won't soon end and that some consumers are buckling under the weight of a slowing economy.
I believe next week will be a choppy session for all stock markets and advise all to stay out or do intra day trading.
Since STI has broken the support of 3300, I believe it will go on a downtrend next week .

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