blog.accendotraders.com – Effective Video Technical Analysis Trading Plans delivered daily from AccendoTraders.com – Here is our Weekend Wrap up Commentary for Saturday, August 14th. In this video, we discuss the market moving news of the past week. From the economic downgrade on China to the six month high in unemployment claims. We also look at support and resistance levels for the S&P 500. I talk about the low volume for the month of April and look forward into next week’s potential market moving catalysts.
Minyanville’s Hoofy & Boo explore increased hedge fund regulation in both Europe and the US, led on both sides by two gentlemen whose names go together so well that we couldn’t make this up if we wanted to.
Oracle Corp. (NASDAQ:ORCL) has sued Google Inc. (NASDAQ:GOOG) for patent and copyright infringement Friday. Oracle spokesman Karen Tillman commented, “In developing Android, Google knowingly, directly and repeatedly infringed Oracle’s Java-related intellectual property, This lawsuit seeks appropriate remedies for their infringement.” SmarTrend is bullish on shares of Google andour subscribers were alerted to buy on July 12, 2010 at 5.26. The stock has risen 3.5% since the alert was issued. Google is currently above its 50-day moving average (MA) of 2.05 and should find resistance at its 200-day MA of 7.41. In the last five trading sessions, the 50-day MA has climbed 0.27% while the 200-day MA has slid 0.25%. Shares of the global technology company closed Friday’s trading session at 2.01.
Singer Fantasia Barrino’s family frantically thrust her into a shower to revive her after she attempted suicide by swallowing pills. In a panicked 911 call, the singer’s manager told the operator that they plunged the “”American Idol”" star into running water to wake her up after she swallowed a bottle of aspirin in her North Carolina home. The operator urged Dickens to tell Barrino’s family to take the 26-year-old singer out of the shower until help arrived. Paramedics later found Barrino slumped in a closet, reported local television station, WBTV. Barrino’s father, Joseph, said Wednesday that his daughter was “”doing fine,”" and was set to be released from the hospital soon. The stunning suicide attempt Monday came in the wake of reports that Barrino had an affair with a married man and broke up his marriage. Sordid details of the affair — including allegations that the pair had filmed several sex tapes — emerged when Paula Cook filed for child custody last week. Barrino won “”American Idol”" in 2004. Her first single, “”I Believe”" when to number and she has been nominated for seven Grammy awards.