Tuesday, February 5, 2008

US Market Summary 4 Feb 08

Dow 12,635.16 -108.03 -0.85%
Nasdaq 2,382.85 -30.51 -1.26%
S&P 500 1,380.82 -14.60 -1.05%

Wall Street retrenched Monday, closing sharply lower as investors showed their cautious side and cashed in profits from the market's best week in nearly five years. The Dow Jones industrial average fell more than 100 points.

As expected, US market closed on a negative note but this is just a cautious drop as people are uncertain what lies ahead in this week.
Asia markets might open red today, but there is a high chance of a rebound this afternoon. Buy on the dips and sell on the highs, sell off everything if the trend for the second half of the day is still going down.

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