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Daily Archives: October 22nd, 2008

Market Tests Support Levels Again: SPX, Nasdaq, AEM, ABX, FCX, DO, RIG, NOV, BTU, ACI, CNX, MEE, AMZN

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market opened down and continued lower all day.  The Dow was down almost 700 points intraday.  Weakness was across the board.  Gold and related stocks were hit hard: GLD -5.68%; AEM -25.18%; ABX -14.64%; FCX -17.78%; GDX -15.53%.  Oil services were weak also:  DO -15.18%, [...]

Will the Market Ever Stop Going Down?

from MyHappyTrading.com by Bagger Vance Sign up for FREE membership! Going to Hell in a handbasket? A strong move to the downside with the markets undercutting some significant support…again.  Horrible breadth today as the market started weak and just puked up any bull that was left in the neighborhood.  Volatility kicked up again as rumors [...]

Premarket Analysis for 10/22 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted by Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Wednesday, October 22nd WALL STREET JOURNAL: Biotech stocks have rebounded better than the overall market, the Wall Street Journal reported. As companies report earnings, “in terms of core business and demand for drugs…these businesses aren’t feeling the effects of the global economy,” S&P’s Steven Silver [...]