]BinaryOptionStrategy- Weekly Market Analysis (Feb. 21-Feb. 25)

SamTrader1

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Stocks broke three consecutive sessions of losses to end higher amid light volume, led by financial and tech stocks, and as oil prices stabilized. The Dow Jones Industrial Average gained 61.95 points, or 0.5 percent, Friday, to close at 12,130.45. For the week, the blue-chip index fell 260.8 points, or 2.1 percent, the biggest weekly percentage drop since mid-November. The S&P 500 gained 13.78 points, or 1.06 percent on Friday to close at 1,319.88. For the week, the broad market index fell 23.13 points or 1.72 percent, the biggest weekly percentage drop since mid-November. The tech-heavy NASDAQ gained 43.15 points, or 1.6 percent, to close at 2,781.05. For the week, the NASDAQ fell 52.90 points or 1.9 percent, its biggest weekly percentage drop since the week of Jan. 21.

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Dow Jones Industrial Average (Feb. 21-Feb. 25)


FOREX

The Euro is in an interesting situation right now. Over the coming month, we are jumping from one major fundamental event to another week after week. And, these particular affairs are far more influential than just a singular economic indicator; they play to the very core of the currency’s fundamental appeal.
Over the past few months, the Euro has marked a notable departure from the financial concerns that plagued the region’s outlook on and off since the Greek bailout fueled fears that the EMU itself was at risk. Yet, just in the last week or so, we have actually seen the neutral sentiment turn bullish with interest rate expectations leveraging the potential for capital and yield returns from this shared currency to a level that is well beyond many of its peers.

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EUR-USD (Feb. 21-Feb. 25)




Commodities

Oil prices traded flat, with U.S. light crude closing above $97 a barrel, after Saudi Arabia made assurances that it can pump more oil to cover for a fall in Libyan exports caused by the turmoil in the country. Meanwhile, gold rose near $1,410 an ounce and was on pace for a fourth straight week of gains.

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Crude Oil (Feb. 21-Feb. 25)



Equities

Chesapeake Energy was the best performing energy stock, rising 16.2 percent for the week. Several personal computer stocks also soared: Intel , Micron and AMD all gained, while the Philadelphia Semiconductor index rose nearly 2 percent.

Financials were also big gainers for the day, Wells Fargo climbed after Goldman raised its rating on the stock to “buy” from “neutral,” saying the bank could announce both a rise in its dividend and a stock buyback, while the brokerage cut Citigroup to “neutral,” saying it doesn’t see a near-term catalyst for the company.[/RIGHT]
 
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