August 14, 2008 – 5:59 pm
This morning, the CPI data came out. It was higher than expected! The market opened lower, but, quickly turned around and went into the positive territory. Dollar went higher and oil dropped again. Commodity-related sectors gave back some gains from yesterday. Gold took a tumble and closed at a new year low. It is trading […]
The market started out weak, but, finished strong. Yesterday, in my evening post, I said, “Tomorrow, we may see the market wobble a bit after today’s big gains. If the market can hold these levels with modest gains, it would be a good accomplishment tomorrow.” The market did exactly that, with Nasdaq outperforming […]
The market did a total U-turn today from yesterday’s close and gain back more than it lost yesterday! This weekend, in my Market Forecast, I said,
“For the new week, the market should continue to look for confidence in the financials. We need to see the financials continue with their recovery process. Oils and the […]
Well, it is still pretty much all about the financials on the market. Even with the housing bill passed this weekend, the financial sector still could not find any cheering today. XLF fell another 4.7% to close below $20. FNM and FRE opened up in the morning, but, quickly slid into the […]
Yesterday, on the member board, with 1 hour left in trading, I said:
HappyTrading
Posted July 23, 2008 at 12:04 pm | Permalink (Edit)
I’m starting to go cash!
This was because many of the tech and financials stocks were showing short-term tops. Yesterday, after the market BIDU, AMZN, and QCOM reported good earnings and news. The […]
The market was solid all day today, and kept the rally going. Commodities were once again weak and the oil prices fell further. Techs led the market, although biotechs took a breather. CME, mentioned yesterday, went up another +6.65%, or $24.35, closing above $390! Among our members, angar held on to this […]
Despite the high CPI, the market rallied today, in a big way! Even though CPI came in higher than expected, the market chose to focus on the good news. Wells Fargo (WFC) reported strong quarterly results and raised its dividend. WFC shares jumped +32.76% and led the whole financial sector on a […]
By HappyTrading
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Also posted in EBAY, GS, GOOG, Nasdaq, RIMM, JPM, SPX, SPWR, MA, AMZN, MER, WFC
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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 […]
By HappyTrading
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Also posted in GS, Nasdaq, AAPL, SPX, CELG, MA, YHOO, MSFT, STI, PRU, SVNT
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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 […]
Well, the Fed held the interest rates steady, as expected by most. The techs led the market up. Just before the Fed announcement came out, I said on the member board:
HappyTrading
Posted June 25, 2008 at 11:06 am | Permalink (Edit)
market
what I do see is that VIX is near 21; if it pushes lower, […]
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