The market traded all over the place today. It opened down; then, went into green; but, ended pretty much where it opened, in the red! The financials bounced a little bit today. Techs were still weak. Energy plays, coals, and metals were mixed; some were stronger intraday, but, most ended on a weak note. The [...]
Monthly Archives: June 2008
Market Volatile And Still Weak Ahead Of FOMC Meeting: SPX, Nasdaq, POT, MON, MOS, CF, LDK, LRCX, FMCN
June 24, 2008 – 5:40 pm
Premarket Analysis for 6/24- Upgrades/Downgrades, Gappers, Actionable Calls
June 24, 2008 – 5:29 am
Submitted By Optiondragon Led Zeppelin- Over The Hills And Far Away Music Video From briefing.com Periodicals Wrap-Up for Tuesday, June 24th WALL STREET JOURNAL: The Wall Street Journal’s “The Game” column speculates that one of the results of the Bear Stearns crash could be the push of investment banks and commercial ones closer together, which [...]
Commodities Up, Techs Down: SPX, Nasdaq, FLR, NOV, RIG, DO, SLB, X, CLF, FSLR
June 23, 2008 – 5:29 pm
The overall market was pretty flat all day. While techs and financials were down, commodity sectors were up. The oil services sector (OIH) was very strong and finally broke out! This weekend, in my Market Forecast, I said of OIH, “…I think sooner or later this sector will break out. RIG, DO, SLB, and NOV [...]
Premarket Analysis for 6/23- Upgrades/Downgrades, Gappers, Actionable Calls
June 23, 2008 – 5:11 am
Submitted By Optiondragon MGMT – Time to Pretend From Briefing.com Periodicals Wrap-Up for Monday, June 23rd WALL STREET JOURNAL: Last November, Google (GOOG) and 30 partners were said be developing a new type of handset using Android software that was expected to revolutionize the industry. The first new phones were expected to be available in [...]
Market Forecast: SPX, Nasdaq, XLF, USO, OIH, MOO, XME
June 22, 2008 – 5:53 pm
The market’s recent focus has been centered around the financial sector and the oil price. Any news in these two areas have been able to influence the overall market movements. On Monday, LEH reported earnings that matched expectations and helped the financial sector; further, oil went lower. The result? The market saw some buyers coming [...]
New About Page!!
June 22, 2008 – 12:44 pm
Ok, upon readers’/members’ requests, I finally took the time to upload an image of myself and a more complete bio. I also added OptionDragon’s picture. Check us out: About! HappyTrading! ™
Weekly Wrap!
June 21, 2008 – 2:48 pm
The market finished another volatile options expiration week. The financials made new lows while the fertilizers and coals made new highs. The Dow ended the week below 12,000, at 11842.69, down 474.66 points; SPX closed below 1320, at 1317.93, down 42.1 points; Nasdaq managed to stay above 2400, at 2406.09, down 48.41 points. However, considering [...]
Premarket Analysis for 6/20- Upgrades/Downgrades, Gappers, Actionable Calls
June 20, 2008 – 5:14 am
Submitted By Optiondragon Maroon 5 – Wake Up Call, DIRECTORS CUT From Briefng.com Periodicals Wrap-Up for Friday, June 20th WALL STREET JOURNAL: The Wall Street Journal reported that in an attempt to move past its takeover battle with Microsoft (MSFT), Yahoo! (YHOO) is planning a reorganization. People familiar with the matter said executives are discussing [...]
Oil Drops, Airlines Soar! SPX, Nasdaq, PTR, SNP, MOS, POT, CF, PCX, CNX, MEE, DAL, UAUA, CAL, NWA, BA
June 19, 2008 – 5:15 pm
The market saw buyers coming back in today as oil fell $4.75! China announced that it will raise gasoline and diesel fuel prices by 16% and 18%, respectively. This news prompted PTR and SNP to capture solid gaines. PTR traded as high as $146.25, but, closed at $140.49, up +4.43%; while SNP shot up to [...]
Premarket Analysis for 6/19- Upgrades/Downgrades, Gappers, Actionable Calls
June 19, 2008 – 5:21 am
Submitted By Optiondragon Nelly Furtado –Say it Right From Briefing.com Periodicals Wrap-Up for Thursday, June 19th WALL STREET JOURNAL: Long Island, NY’s Astoria Financial Corp (AF) has found a novel way to reduce the number of its nonperforming loans by changing its internal policy on when mortgages are classified on its books as troubled, the [...]
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