January 31, 2008 – 6:47 pm
After a gap-down open, the market started climbing higher. Yesterday, worries about bond insurers reversed a market rally on the Fed’s new rate cut. Today, encouraging comments from the #1 US bond insurer, MBIA (MBI), helped to reverse a down open. Even AMZN ended up +4.7%, after being down 12% in yesterday’s […]
January 30, 2008 – 6:36 pm
So, the Fed slashes the rate by another half-point, to 3%! This weekend, in my Market Forecast, I said,
“Of course, the Fed’s rate decision on Wednesday will continue to affect the market’s mood. I think, at the very least, another quarter-point cut is coming. A half-point slash would probably excite the market.”
On 1/22/08, […]
January 30, 2008 – 6:29 pm
submitted by Optiondragon
Opinion Polls & Market Research
January 30, 2008 – 5:16 pm
Submitted by Optiondragon
After being down for most of the poll, Trish Regan upset favorite Erin Burnett to win the 2008 award for being the most admired anchorwoman on TV. After several hundred votes from around the world from all continents, we can crown Trish Regan, the new Queen of the Networks Stars.
Trish garnered 33.1% […]
January 29, 2008 – 6:31 pm
Quite a steady day today, comparing to the volatility that the market has seen recently. Most investors are probably waiting on the sideline for the Fed’s rate decision tomorrow. The Dow was up +96.41 points; SPX added +8.33 points; and the Nasdaq gained +8.15 points.
Here’s how the market closed:
HGX (housing) and XLF (financials), […]
January 28, 2008 – 6:01 pm
The market opened lower this morning with disappointing new home sales data. But, the market climbed higher all day to close at the day’s high! This weekend, I said in my weekly Market Forecast,
“For the new week, I think Monday is going to be very important. The market needs to close above […]
January 27, 2008 – 10:04 am
The earnings season is heating up. Optiondragon took the time to go over several potential movers. I also think that YHOO, earnings on Tuesday (1/29), could be very interesting to watch. In addition, the FOMC meeting on Wednesday (1/30) will likely to be crucial.
After an early surge in the morning responding to […]
January 27, 2008 – 1:29 am
Submitted by OptionDragon
Earnings!
For this week, I focused on stocks that should move volatile after earnings and earnings announcements that are of interest. Cross currents still move within the market tide as the FOMC rate decision on Wednesday could keep speculation and pre earnings moves down to a minimum until after the event. Risk […]
January 26, 2008 – 12:40 pm
Last weekend, in my Market Forecast, I said,
“For the new week, the market could look to start drawing a bottom. If SPX 1320 and Nasdaq 2350 don’t hold, we might be looking at SPX 1250 and Nasdaq 2200 for support, which won’t be pretty, to say the least! The “R” word has made a lot […]
January 24, 2008 – 5:53 pm
The market started out with a jump today, following yesterday’s fantastic reversal. Before the market opened, I sent out a list of stocks that I felt good about (Time stamps are in PST, US West Coast Time):
HappyTrading
Posted January 24, 2008 at 6:22 am | Permalink (Edit)
Watching
GLD, GDX, AEM, ABX
MOO, POT, MON, MOS, CF, BG
GOOG, […]
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