Stock Market Analysis

Wednesday, August 06, 2008

Bulls Holding Ground...

The Dow gained marginally by just over 40 points as oil continues its march back down towards the $110 mark. The persistent decline in oil price has also encouraged investors to move back from bonds into equities as Bond Yield curve (see bond yield curve) rises across the board once again. Rising bond yield is a result of lower bond prices caused by a sell off in bonds. Even though the advance today isn't strong enough in both magnitude and volume to confirm a breakout, it sure does suggest that the bulls are building up and holding ground.

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Opsi Saham

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