October 8, 2008 – 4:01 pm
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Central banks around the global cut interest rates in a coordinated effort to help ease the credit crisis. The Fed slashed rates by half-a-point to 1.5%. The market was very volatile, going up-and-down many times; but, still ended down! Certain sectors were able to hold on […]
October 2, 2008 – 3:52 pm
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The market had another big, down day, led by the commodity sectors. The agriculture stocks too a huge tumble after an earnings miss by MOS yesterday. MOS itself lost almost 1/2 of its value, down 41.27%!! POT lost nearly 27%; CF was down 34.57%; MON fell […]
September 17, 2008 – 3:43 pm
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The market was not encouraged by the government rescue solution for AIG; not one bit! AIG fell more than 45% today to close just above $2/share. The pre-announcement on MS earnings, which beat the estimates, did not help either. MS shares flopped 24.22%! Rest of the financial sector was a mess! […]
August 21, 2008 – 5:52 pm
from My Happy Trading.com
Commodities and related sectors continued to bounce higher today. Crude closed above $120/barrel and gold traded nearly $840/ounce! Energy stocks added to their gains: HES +4.89%; CLR +5.4%; HK +5.94%. Gold and silver miners jumped: AEM +6.93%; ABX +6.76%; PAAS +6.26%. Coal stocks bounced for the 3rd-straight day: CNX +4.14%; ACI +8.06%; MEE […]
August 19, 2008 – 5:59 pm
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 $115/barrel. […]
The market gapped up today, but, quickly dove into the red. Bush, in a “symbolic move”, lifted the ban on offshore drilling. This prompted the oil services sector to jump. OIH added +2.28% today, while, among its top holdings, RIG, NOV, and SLB recorded solid gains, +1.75%, +5.38%, and +2.65%, respectively.
The financials […]
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 […]
Oil prices jumped again! The broader market was pretty much weak all day. This morning, I said on the member board:
HappyTrading
Posted May 20, 2008 at 6:56 am | Permalink (Edit)
good morning.
Market
still weak; VIX at around $18, which is now a resistance. no hurry to act right now.
Commodities related sectors were strong. Oil, […]
By HappyTrading
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Also posted in Nasdaq, SPX, HES, NOV, DO, RIG, DVN, UPL, APA, SU, CLR
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I have been talking about gold A LOT lately. Yesterday, I mentioned that GLD and SLV are rising again and we may see $1000 gold. And, here it is! Gold reached $1001/50/ounce today, but, closed under $1000. It does seem that gold is going higher, though.
The market was weak at the […]
February 20, 2008 – 5:39 pm
So, oil is at $100. Now, gold is rallying to a new all-time high, getting close to $950/ounce! It looks like $1000 gold is not going to be too far away!
The market started sluggishly, but, picked up momentum in the afternoon and closed near the day’s high! For the Dow, it was […]
![[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)
