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The US stock market was in for a bloodbath today as Lowe’s missed analyst expectations for its quarterly profit, sending fears that consumers may remain tight-fisted in their spending habits.  But those who have been following my market trends blog would also know that the present correction  is due to the S&P 500 touching major resistance at its Fibonacci 38% retracement level.  So hang ...

The stock market rallied today as a result of better than expected job numbers from the US Labor Department, indicating that the recession is slowing.  The unemployment rate dropped a notch to 9.4% in July from 9.5% in June, while job losses in July were less than analysts’ expectations and also significantly better than in June.  The rally today has opened up a few buying opportunities. Ho...