Swing Trading
 
 
Market Review November 3, 2009     
 
Factory orders rose 0.9% in September after falling 0.8% in August; economists expected it would rise 0.8%. Although factory orders rose investors couldn’t give stocks the boost they needed to continue the gains of yesterday. Dow Jones Industrial Average fell 28 points, the Nasdaq Composite Index rose 5 points and the Standard & Poor’s 500 Index rose 1 point. Bond prices fell, the yield on the benchmark 10-year Treasury note rose to 3.47 from 3.42 Monday, the dollar recovered some its losses as it rose against the euro and the yen. Commodities were mixed, crude oil rose $1.47 to $79.60, gold also rose $31.20 to $1,085.20.

Free Daily Stock Picks activity and results for November 3, 2009:

TXRH - position entry at 10.67, 3rd Target Level hit for a gain of 0.53points
HLF - position entry at 37.00PM, Stop hit for a loss of 1.00 point
DLLR - position entry at 20.00PM, 3rd Target Level hit for a gain of 0.80 points
HTCH - position entry at 5.95, 3rd Target Level hit for a gain of 0.36 points
CAR - position entry at 8.77, 3rd Target Level hit for a gain of 0.53 points
SVR - position entry at 15.61, EOD price hit for a loss of 0.59 points
KND - position entry at 14.66, EOD price hit for a loss of 0.26 points

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