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Daily Archives: January 2nd, 2008

Review 1/2/2008: SPX, Nasdaq, AMZN, OIH, SLB, HAL, RIG, GLD, ABX

January 2, 2008 – 6:53 pm

The market opened higher, but, quickly faded into the red. The market tried to bounce in the early afternoon, but, slid back some to the close. The Dow lost 220.86 points; SPX gave up 21.20 points; Nasdaq stumbled 42.65 points.
The big news today were, of course, record-high oil and gold! Oil prices […]

By HappyTrading | Posted in OIH, GLD, AMZN, RIG, SLB, HAL, ABX | Comments (0)

Can VIX Help To Predict Near-Term Market Directions?

January 2, 2008 – 5:25 pm

VIX is the CBOE Volatility Index. The definition of VIX is given here. So, what does VIX has to do with market directions? The definition says that “The VIX is a widely used measure of market risk and is often referred to as the ‘investor fear gauge’.” It seems that when […]

By HappyTrading | Posted in Uncategorized | Comments (0)