An expert-driven approach to trading

Follow a stream-lined approach to Contrarian trading where expertise guides you through a graduated learning program. Select pre-screened opportunities that support a complete entry and exit strategy and also track your orders to target with recommended adjustments based on current market sentiment. If you are interested in finding out more about this successful approach to trading and how to become part of this community, please email me direct at randystradingdesk@gmail.com

Monday, February 25, 2013

February 25, 2013-Stocks Close Lower on Uncertainties Over Italian Election

Stocks showed a substantial downturn over the course of the trading day on Monday after failing to sustain an early upward move. Uncertainty about the outcome of elections in Italy contributed to the sharp pullback by the markets. The major averages accelerated to the downside going into the close, ending the session at their worst levels of the day. The Dow plunged 216.40 points or 1.6 percent to 13,784.17, the Nasdaq tumbled 45.57 points or 1.4 percent to 3,116.25 and the S&P 500 plummeted 27.75 points or 1.8 percent to 1,587.85. While optimism about the Italian elections initially helped to push stocks higher, the markets came under pressure amid projections from Italian television indicating that former Prime Minister Silvio Berlusconi's center-right party is slightly ahead in the Senate. A victory for Berlusconi is seen as potentially damaging to Italian government stability, with the center-right party seen as likely to move the country away from austerity plans.
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