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Current DateTime: 01:20:25 23 Nov 2008
LinksList Documentid: 23371764
    • The Games Traders Play: Hide and Seek

        In the second of our four-part special on volume activity, Charting Asia takes a look at the trading game of Hide and Seek. This is when an investor tries to build a large position in a stock without causing the price to rise.

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All major U.S. Indices ended the week in positive territory, led by a 4.46% gain in the NASDAQ Composite Index.  The NASDAQ was led by SanDisk (SNDK) with a 16% gain for the week, followed by a 14% jump in Sears Holding's (SHLD) shares, and a gain of 14% by Lam Research (LRCX).


The S&P 500 Index was led by the Consumer Discretionary sector, with a gain of 7.72% for the week. Within the Consumer Discretionary sector, Polo Ralph Lauren (RL), Coach (COH), and JC Penney (JCP), gained over 18% for the week.

Commodity prices continued to fall broadly across the board, with oil prices tumbling $9.90 this week, or 7.9% to settle at $115.20 per barrel on Friday.  Crude oil is now at its lowest level since May 2, 2008.   Crude oil prices are now off by 21% from their record close of $145.29 hit on July 3.


The US dollar rallied against the euro on Friday, appreciating across the board against most major currencies. The Dollar Index broke out of its 200-day moving average, to finish the week up 3.51%.


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