The markets traded in a lackluster fashion today. Financial stocks struggled but technology did quite well in part due to Dells (DELL) earnings announcement after Thursday's close.
Digital Ally (DGLY) was up 11.75%. Digital Ally received a fourth order from an international law enforcement agency. The order for approximately 1,000 DVM-500 In-Car Digital Video Rearview Mirror Systems is expected to ship in the second quarter of 2008. The co also reiterated its previous guidance that its revenue for the year ending Dec 31, 2008 is expected to increase more than 100% to approximately $40 mln.
Notable gainers included Rensola (SOL) gained 6.95%, Mercadolibre (MELI) was +4.85%, and Gafisa (GFA) ended +4.37%. On the downside, Regions Financial (RF) was - 4.0%. Most of our other large company bank holdings were also down.
Oil fell back in price this week along with gold and commodities. If the market can continue to consolidate in this area or drift down over the coming weeks, we might be able to see the markets move the higher.
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