Market-Technicals

Financial Market Analysis

By Shawn R. Carpenter

Tuesday, February 14, 2006
  Consumers step up to the plate in Jan. '06
The American public never disappoints! Recent retail sales numbers from Jan. '06 have risen to 2.2 %(excluding auto sales), up substantially from an estimated 0.9% and last months number of 0.4%. What does this mean? It means that people are willing to spend money on anything from high tech items to daily staples. The market did indeed react well to this number. The Dow drove past 11,000 and oil fell below $60 per barrel, both of which are huge psychological levels. With a number this big, the market took a leap forward probably due to short covering. I'll dig some more and be back with more research....
  4:11:00 PM
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Why Market-Technicals?

Market-Technicals is a Financial Market Trend and Research blog. Mainly utilizing technical analysis, the research composed is designed to capture market timing techniques, understanding how economic and political forces shape the market, and give speculation as to where the financial market is headed. Encompasing equities, index, sector, ETFs, commodities, and bonds; the expectations are to shed some light as to what "smart money" is thinking.
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