Although the market did not show much conviction in a direction last week, it did finish with modest gains. The afternoon rally, on Friday, left the market in a good position to continue to recover from the bottom. SPX SPX added +1.13 points on Friday to close at 1349.99. It closed above the 10-day and [...]
Monthly Archives: February 2008
Weekly Wrap!!
February 16, 2008 – 2:09 pm
The market was, again, volatile this week, but, it came away with a win. For the week, the Dow added +166.08 points; SPX gained +18.7 points; and Nasdaq garnered +16.95 points. Last weekend, in my Market Forecast, I said, “For the new week, things are likely to be very tricky. First of all, it is [...]
Bernanke Speaks: SPX, Nasdaq, EDU, CMCSA, CMG, PCLN
February 14, 2008 – 6:48 pm
The market slid back down today, as Mr. Fed Chairman, Bernanke, spoke and discussed about the economic concerns. The market pretty much gave back what it gained, with the Dow down 175.26 points, SPX losing 18.35 points, and Nasdaq sliding 41.39 points. Here’s how the market closed: Techs were weak: INX2 (Internet) -1.78%; SOX (semiconductors) [...]
Coming Up For Air: SPX, Nasdaq, FSLR, SPWR, STP, CSIQ, YGE, BIDU, GOOG
February 13, 2008 – 5:48 pm
The market rallied today, cheering the good January retail sales numbers. In addition, Paulson, Secretary of Treasury, reiterated positive comments about the economy, as the fiscal stimulus package gets signed into effect. After retesting the bottom and quietly waiting for a few days, the market finally seems to be coming up for some air! The [...]
Hanging On: SPX, Nasdaq, CMP, POT, AMAT, DNA
February 12, 2008 – 4:47 pm
The market started out high, as Buffett offered to help bond insurers. But, it slowly faded, until the techs lost their lead. The market is still hanging on, though. The Dow closed up +133.4 points: SPX added +9.73 points; and Nasdaq closed flat. Here’s how the market looked at the close: Commodities were weak today: [...]
Fighting To Stay Alive: SPX, Nasdaq, SPWR, FSLR, CLF, POT, MOO, DE
February 11, 2008 – 6:32 pm
After a slow start, the market finally showed signs of life after lunch. The market re-tested the recent lows last week, but, hasn’t really made a convincing move up to confirm the double-bottom yet. Today, it made a good effort to stay alive. The Dow closed up +57.88 points; SPX added +7.84 points; and Nasdaq [...]
Market Forecast for Week of 2/11: SPX, Nasdaq, DBA, OIH, GLD, XME
February 10, 2008 – 3:58 pm
The market was down last week, finishing mixed on Friday with the Dow down 64.87 points, SPX slideing 5.62 points, and Nasdaq adding +11.82 points. SPX SPX slid 5.62 points to close at 1331.29. It closed above the 1325 support level. The 10-day and 20-day MAs are touching, and the MACD is flattening out. Nasdaq [...]
Weekly Wrap!!
February 9, 2008 – 1:55 pm
After making a bounce last week, the market came down to test the recent lows this week. In my last weekend’s Market Forecast, I said, “For the new week, I think the market could feel the need to vent. How the market handles the venting will be very important. …If the market can vent without [...]
Market Bounce: SPX, Nasdaq, CME, ICE, ACL, CF, MTD
February 7, 2008 – 5:27 pm
The market bounced today after opening lower. Two weeks ago, on 1/22/08, I said, HappyTrading Posted January 22, 2008 at 12:21 pm | Permalink (Edit) market I’m cautiously “more†optimistic. If this is indeed establishing the bottom, then, we haven’t seen the real bounce yet. The initial bounce will need to take SPX to 1375-1410 [...]
Happy Chinese New Year!! SPX, Nasdaq, CME, NMX, CSCO
February 6, 2008 – 6:51 pm
Tonight is Chinese New Year’s Eve 2008. So, Happy Chinese New Year, everyone! I’m going to make this a quick post, going over the market; so, I can have dinner with my family. Our friend OptionDragon will continue with his own post, looking at some interesting stocks. The market was not very happy today (well, [...]
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