Wednesday, February 20, 2008

US Market Summary 19 Feb 08

Dow 12,337.22 -10.99 -0.09%
Nasdaq 2,306.20 -15.60 -0.67%
S&P 500 1,348.78 -1.21 -0.09%

Wall Street gave up a big early advance and closed mixed Tuesday after oil prices closed above $100 for the first time and stoked fears that inflation will stymie an already troubled economy.

Asia markets should dip in the morning following weakness in the US market.
But penny stocks will continue to run today in STI as blue chips especially financial sector should suffer today.
Go into breakouts and exit before the end of the day for quick profits.

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