The market started out flat, but, continued to gain strength through out the day. Oil fell again, by more than $5 today. The financials reversed their morning weakness and led the market up straight to the close. XLF jumped +6.48% and closed above $20 (the support level that we’ve been looking at). […]
The market started out cheerfully, with techs leading the way. MSFT today said that it would reopen talks to buy YHOO if a new board is elected. YHOO jumped +12%!! BIDU also did well, adding almost $12. AAPL looked strong as well, gaining almost +3%.
But, the financials stayed weak, and, soon […]
Posted in GS, Nasdaq, AAPL, SPX, BIDU, CELG, MA, YHOO, MSFT, STI, PRU, SVNT
|
During the short week before the 4th of July, the market took a big loss on Wednesday, and that was enough to keep the market in the red, although the market tried to gain some grounds on Thursday. The Dow finished the week down 57.97 points; SPX lost 15.48 points; Nasdaq tumbled 70.25 points. […]
Happy 4th of July! Happy Birthday, America!!
Since its a long weekend, and a big holiday for America, I’ll just do a quick wrap-up this week (and, also, not too many published trades this week).
Here are the closed trades:
NOV ($91.97)
NOVGQ, July 85 calls, at $8.3, +22%
DVN ($126.61)
DVNGZ, July 120 calls, at $8.6, +43.3%
PRU ($62.76)
PRUTM, Aug […]
The market started the day pretty well, seeing some gap-up opens in the energy sector and oil services. We quickly cashed out our gains in DVN and NOV (both mentioned yesterday). The DVN trade was purchased about a week ago and rendered a +43% gain; the NOV trade gave us an overnight profit […]
Posted in Uncategorized, Nasdaq, SPX, X, NOV, RTP, CLF, DVN, ACI, ANR, MEE, PCX, CHK
|
The overall market was very weak in the morning. Then, after lunch, things started to bounce. AAPL and RIMM led the techs. AAPL added +4.32% while RIMM garnered +5.45%. The biotechs were strong today. CELG jumped +8.44%, or $5.39, as SuperGen Inc, a competitor, drug trial failed. DNA, mentioned […]
Posted in Nasdaq, AAPL, RIMM, SPX, CELG, NOV, AMGN, BIIB, DNA, SLB, FLR, GMXR, CHK
|
On the last trading day of 2nd quarter, the market displayed little strength. It attempted to bounce all day, but, ended with sharp drops in the tech stocks. On the other hand, the energy sector (XLE) was strong and led the market. Metals and mining (XME) and oil services (OIH), which we […]
Last weekend, I said,
“Both indices are now in their bearish phase. SPX is on its daily lower BB and could test 1300 from here. Although Nasdaq was able to hold 2400, it may have some downward momentum on it’s side still. Below 2400, Nasdaq has a stronger support at 2350. VIX tested 23 on Friday, […]
First of all, Happy 2 Million to Wang’s Happy Trading!! We have juch reached over 2 million hits!! Thanks to all of our members and readers!! We will continue to strive to make things even better! We’ve been working hard on some new changes and hope we’ll be able to share […]
Following yesterday’s disappointing news from RIMM and ORCL, the market gapped lower at the open. Oil jumped over $140/barrel and added more pressure on the market. The market accelerated lower into the close, with techs leading the way.
RIMM ended down more than 13%. GOOG lost $22.18, or 4.03% while BIDU gave up […]
Posted in GS, GOOG, Nasdaq, RIMM, SPX, BIDU, ORCL, ATW, ABX, AEM, XAU
|
![[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)
