The market ended in the positive territory today to build on last Friday’s gain. Nasdaq finished strong as it is up about 30 pts. Dow on the other hand gave back more than half of its gain, but still finished up 37.

Retail sector is strong today due to Walmart raise its October expectation of same store sale to 4.3% from the previous guidance of 2 to 4 percent.

Hostile bid from Barrick Gold for Placer Dome also helped the rally.

It is nice to finally have a follow up today. Give it a sign that we maybe ready to rally higher from here. But I’m cautiously bullish.

This entry was posted on Monday, October 31st, 2005 at 5:36 pm and is filed under Market Recap. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.