Archive for August, 2010

Market Close for Tuesday, August 24, 2010

After the close… Today after the close DY, NCTY, PAY and PSUN were the notable names reporting earnings. PSUN is down -6.2% and PAY is up +1.9% following their earnings release. We have now had four straight down sessions for a cumulative loss of 3.9%. Lame existing home sales figures for July only added negativity [...]

Market Close for Monday 08/23/10

After the close… FMCN is up +2.5% following it’s after the close earnings release. Today, the recent M&A activity, rumored or actual, was seen as a bullish sign with stocks climbing almost 1% before the S&P 500 lost momentum upon hitting 1081, which marked the 50% retracement of its downturn from last week’s intraday high [...]

Market Close for Friday 08/20/10