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Market recap: Upbeat investors pushed the Dow to a third straight record close and sent the...

Market recap: Upbeat investors pushed the Dow to a third straight record close and sent the S&P within 20 points of an all-time high, as jobless claims fell to a six-week low ahead of tomorrow's nonfarm payrolls report. Big banks moved higher ahead of the Fed's annual stress test results, which may come out this afternoon. Tech stocks also were strong, with Ciena surging 17% after a strong earnings report.
Comments (8)
  • Macro Investor
    , contributor
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    Massive rally tmrw?
    7 Mar 2013, 04:16 PM Reply Like
  • Kyle Spencer
    , contributor
    Comments (990) | Send Message
     
    LOL Who wants to go on record? Step right up, and put your reputation on the line!
    7 Mar 2013, 05:16 PM Reply Like
  • Macro Investor
    , contributor
    Comments (7142) | Send Message
     
    OK, I will. DOW doubles tmrw in the first hour of trading, then collapses by 75% rest of the day.
    7 Mar 2013, 07:30 PM Reply Like
  • Hammerhorn
    , contributor
    Comments (27) | Send Message
     
    @Macro Investor, I would like to vote for you to think before you type, some people like to read serious comments. I grow more annoyed by your meaningless, mindless, dribble. I know you can carry on an intelligent conversation, so please modify your ways, please.
    7 Mar 2013, 10:01 PM Reply Like
  • Petrarch
    , contributor
    Comments (577) | Send Message
     
    The market may never go down again

     

    P
    7 Mar 2013, 05:21 PM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    That battle for 1545 continues. In the past couple of days there hasn't been a high volume push going through this speed bump.

     

    A high volume push plus a successful retest probably means we head higher. A push through without a retest means we can go higher or break lower similar to what happened after the first attempt through 1510.

     

    Otherwise, we head lower.

     

    GLTA.
    7 Mar 2013, 05:56 PM Reply Like
  • Unsure Now
    , contributor
    Comments (406) | Send Message
     
    Week ends up basically flat!
    7 Mar 2013, 06:06 PM Reply Like
  • ltfinger
    , contributor
    Comments (14) | Send Message
     
    The Dow has been in a nice run since the start of the year and hopefully its technical will continue to provide an indication of its short-, medium-, and long-term direction...
    8 Mar 2013, 01:42 AM Reply Like
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