Daily Stock Market Equity and Options Trading Commentary

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Friday, April 24, 2009

Will the Major Indices Make it Seven Straight?

It will need to be a good day to make it seven straight weeks of gains on the major U.S. Indices. The Dow Jones Industrial Average will need to finish the day higher by more than 174.27 points or 2.2%, the Nasdaq will need to finish higher by more than 20.86 points or 1.3%, and the S&P 500 will need to finish higher by more than 17.68 points or 2.1%. My prediction is that we will not finish the week higher for the seventh straight week, but crazier things have happened. If it is a good day I think the Nasdaq will finish the week higher, but it will be tough for the DOW and the S&P 500. Please leave your opinion as a comment about how you think the markets will finish the week.

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Peter Nichols said...

The market is looking pretty strong at open. I think we could make it seven straight weeks!

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