Today´s Market August 27, 2008

ndx0827

The market simply got pounded today after reports that NATO forces might be close to striking Syria. The NDX 100 closed with a loss of 2.02 %  as an involvement in any military action will hurt our fragile economy thus  halting  what has been an already sluggish economic recovery. The news sent WTI Oil on a rally closing at 108.80 as an additional conflict in the area could further disrupt oil supplies. An increase in Oil prices will act as an extra tax on US consumers at a moment when an increase in consumption is needed in order to bolster employment.

Today´s Profit USD 95 (Portfolio Size: USD 25,000)

Visit Past Trades to review our history.

Follow us on Twitter @NDXTrading for real-time trading levels

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s