Action & Reaction

By: 2D-trading Thursday, February 21, 2008 9:00 AM

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The stock market started weak after more than concerning numbers in the CPI and bearish commentary from the Fed. But despite these obvious bad news, managed the market to hold the losses limited and lifted after midday. The strong HPQ earnings triggered a squeeze in the chip sector, but start new positions here seems to be more than odd. In the same time, the crude Oil jumped at $101 in intraday market.
Here an interesting chart:
Cepheid, Inc.(CPHD)

reached a new all-time high in January. The stock is pausing in a sideways pattern at the top since then and could resume its uptrend soon.

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