US Stock Market

12/9/07

The Dow Industrial Index is rallying with expectation of the Fed rate cut next week. The candlestick Doji star pattern formed on 12/7/07 may indicate the uptrend correction is losing momentum. Closed below 13400 would warn a retest of 12800. If Fed rate cut is 50 basic point, it may signal a 300+ point rally. However, it also signal that the recession risk is much higher. Dow is in the overbought zone by full Sto%.

Solar stocks are all rallying since 11/30/07. FSLR, SPWR, JASO, STP, TSL, LDK, SOLF are trending up and worth to watch for upcoming week due the congress energy bill would boost those stocks up more.