Posted by Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Friday, October 31st
WALL STREET JOURNAL: According to the Wall Street Journal’s “Heard on the Street,” analysts are questioning whether CBS (CBS) can maintain its generous dividend with radio and TV ad revenues declining sharply. While chairman Sumner Redstone has dismissed concerns, some analysts believe CBS hasn’t conserved […]
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After losing its gains in the last 15-minutes of trading yesterday, the market was able to “add” to the gains in the last 15 minutes today. It was another volatile day, but, the market stayed pretty much green throughout. The GDP report was not as bad […]
Posted by Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Thursday, October 30th
WALL STREET JOURNAL: German securities regulator Bafin is investigating possible market manipulation in Volkswagen’s (VLKAY) recent share price movements, the Wall Street Journal reported. Hedge funds have lost billions betting that the car maker’s shares would fall while Porsche has reaped the benefits of […]
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Last night, I commented, “The market could probably carry this upward momentum into the morning. Then, things will likely get volatile before and after the Fed announcements.” The marke showed strength through most of the day. It started to lose steam before the Fed announcements, and dropped […]
Posted By optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Wednesday, October 29th
WALL STREET JOURNAL: According to people familiar with the talks, the Wall Street Journal reported that GMAC LLC is looking to become a bank holding company. This move would give the lender, co-owned by General Motors (GM) and Cerberus Capital, access to the government’s $700B […]
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The day after nearly testing 8000, the Dow came back and rallied above 9000, closing at 9065.12! The market was weak in the morning, but rallied hard in the last hour. Strength was seen across the board. Even commodity-related sectors went higher. Financials lead the pack: […]
Posted by Optiondragon for myhappytrading.com
From Briefing.com
Periodicals Wrap-Up for Tuesday, October 28th
WALL STREET JOURNAL: In a move that can ease the way for a discussed merger between General Motors (GM) and Chrysler, the Wall Street Journal reported that the Bush administration is working to release to GM a portion of the loans Congress approved for the […]
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This weekend, in my Market Forecast, I wrote,“The big thing to watch this week is the 10-day MA (red line) on major indices. If the 10-day MAs curve down, it could signal further slide in the markets.”
What did I mean by that? Let’s take a look at […]
Posted by optiondragon for myhappytrading.com
From briefing.com
Periodicals Wrap-Up for Monday, October 27th
WALL STREET JOURNAL: According to a person familiar with the matter, the Wall Street Journal reported that Goldman Sachs (GS) approached Citigroup (C) in September about the possibility of merging the firms’ operations. The sources said a “brief call” between Goldman CEO Lloyd Blankfein and […]
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Last weekend, in my Market Forecast, I said,For the new week, what we should be looking for is a bullish crossover on the MACDs. The MACDs (the red lines) are now very close to MACD signals (the green lines). If the red lines cross over above the […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
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