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Daily Archives: August 19th, 2008

Commodities Bounce; Financials Still Weak: SPX, Nasdaq, MEE, CNX, BTU, RIG, SLB, NOV, AEM, HPQ

from My Happy Trading.com Financials and techs were weak for the 2nd straight day.  On the other hand, commodity-related sectors bounced.  Metals and mining groups were strong.  Coals showed a lot of strength: MEE +7.58%; CNX +6.53%; BTU +7.64%.  Oil services also recorded solid gains:  RIG +2.46%; SLB +3.93%; NOV +4.37%.  Crude oil closed above [...]

The 52 Week Highs/Lows Revisited With A Graphic Depiction (SPY, QQQQ, DIA)

Written By Optiondragon and Bluetick Many investors know about the internals of the market. It is data metric that many traders watch and read about but for some particular reason, it is not very often you see a chart where they are overlayed on its respective index. I think this is a real shame because [...]

Premarket Analysis for 8/19 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By Optiondragon for myhappytrading, a website made by traders for traders. From Briefing.com Periodicals Wrap-Up for Tuesday, August 19 FINANCIAL TIMES: Lehman Brothers (LEH) is holding talks about selling all or part of Neuberger Berman, its asset management unit, sources said. The division is believed to be worth up to $10B. WALL STREET JOURNAL: [...]