Zantrio.com Market Review March 19, 2010

By Zantrio Market Review | March 19, 2010, 3:50 pm

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Stocks ended their eight day rally today. Yesterday the Dow Jones industrial average rose to new highs that haven't been hit since October 2008, the Dow, Nasdaq and the S&P 500 are all on pace to end the week with gains; this will be the fifth out of six weekly gains for all three. Stocks fell as Greece announced they needed to seek help elsewhere if the EU couldn't give an answer by this weekend. Greece's financial problems have shown in the markets over the past two months, causing spurts of selloffs. Today's selloff came after news from Greece and also news that Palm posted worse than expected quarterly profits. Tech shares fell today, along with financial shares as the dollar rose to two week highs against the euro. Commodity prices fell as the dollar continued its rise through the session, gold fell $20.00 to $1,107.40 and crude oil fell $1.52 to $80.68. At the end of the trading session, the Dow Jones industrial average fell 60 points, the Nasdaq Composite index fell 40 points and the Standard & Poor's 500 index fell 10 points.

Free Daily Stock Picks activity and results for March 19, 2010:

POL - 3rd Target Level hit for a gain of 0.57 points
MSTR - Stop hit for a loss of 1.00 point
SPWRA-PM - 3rd Target Level hit for a gain of 0.80 points

Total: 3 positions; +0.37 points; +$37.00 (based on 100 shares)

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Stocks Day Trading Picks results:
Total: 11 positions; +1.9 points; +$19.00 (based on 100 shares)

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Forex Day Trading Picks results:
Total: 3 positions; +$595.37 (based on 1 contract)

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Futures Day Trading Picks results:
Total: 7 positions; +$925.00 (based on 1 standard lot)
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