Very nice actions today! The market woke up, especially the techs! We have positioned ourselves well since earlier this week, and, were able to profit from the jump today!
The Dow was up +38.37 points; SPX gained +7.12 points; and Nasdaq jumped +39.85 points!
Let’s see how the market looked at the close:
The techs […]
The market “woke up” today, especially the techs. We have positioned ourselves well since earlier this week, and, were able to profit from the jump today! Our “happy members” shorted LDK and MBI; went long on GOOG, BIDU, AAPL, RIMM, POT, MOS, AGU, LEAP, among many other plays! Congrats, everyone!
Here […]
Another choppy day, as the market tried to extend yesterday’s turn-around bounce. The market started out high, drifted lower, and finished nearly flat. The Dow slipped 25.20 points; SPX slid 1.98; Nasdaq was stronger for a change, a “change” of almost +5 points!
Let’s see how the market looked at the close:
INX2 (Internet), SOX […]
The day started high, as GS reported solid earnings with $3.17 billion in profits (although GS ended down 3.41%). The market waves were still choppy. It wasn’t until the market tested the next support level did the big buyers come in. In the early afternoon, the market finally turned the corner and […]
We’ve had a pretty good day, trading in-and-out of fast movers such as GOOG and BIDU. Here are some “actions” from the member site:
Luck -o- the Irish
Posted December 18, 2007 at 7:07 am | Permalink (Edit)
bought back a couple of my Dec 300p on BIDU for .60 (sold at .90 and .95 yesterday). Good […]
The market struggled all day today and ended near the day’s low. Further economic worries infused the market with anxiety. The Dow ended down 172.65 points; SPX lost 22.05 points; and the Nasdaq stumbled 61.28 points!
Here’s how the market looked at the close:
VIX jumped +5.37%. HGX (housing), surprisingly, closed in the green. […]
XLF (financials)
XLF closed under $30 this week, and below its daily MAs. The 10-day MA is sliding again, so are the 20- and 30-day MAs. Last week’s rally was completely undone by the Fed’s rate decision. XLF is at a very critical point. GS’s earnings on Tuesday (12/18 before the market) […]
Last week, I said, “The market looks prepared to push things higher if the Fed continues to show its readiness to help the economy and the subprime mortgage problems. We’ll continue to hold lots of cash and make quick trades as the opportunites present themselves, until the market demonstrates a confirmed reaction to the Fed’s […]
What a volatile week! Since Tuesday’s “Fed surprise“, the market has been making some wild intraday moves. We kept a lot of cash and looked for quick trades as the opportunities presented themselves.
Here are the closed trades:
BIDU Jan 400 calls, BPJAT, at $28, +3.7% (partially out)
BIDU Jan 400 calls, BPJAT, at $30, +11.1% […]
Another volatile day, another closing rally! The market struggled all day but really picked up momentum with 1 hour left in the trading. Yesterday, I said, “We’ll need to see SPX back above 1500 to feel more bullish, but, staying above the 10-day MA is a positive sign.” The broader market did […]
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