Thursday, May 29, 2008

Markets gain on increasing volume

The markets moved higher for the third straight day. The Dow Jones Industrial Average managed to close just on its 50-day moving average. The Nasdaq closed on its 200-day moving price average which is a good sign.

The Nasdaq and S&P Midcap 400 indicies have shown good strength recently. Oil stocks have struggled the past few days . Metals, Gold and Silver stocks were hit especially hard today while Discount Retail, Medicals, Consumer and Machinery Stocks showed good strength.

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