November 3, 2009 – 8:38 pm
It was a volatile morning while stocks bounced around and experienced fast swings in a tight range. We got shaken out of a couple of trades in the morning. But, soon, much attention turned to gold as it rallied to a new record high, trading above $1084/ounce! Gold surged on news that the Reserve Bank […]
By HappyTrading
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Also posted in gold, Nasdaq, GLD, UNP, TSL, STP, ABX, YGE, AEM, SLV, PAAS, CSX, Gold At New Record High! SPX
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Yesterday, in my article, I said, "If the data continue to show economic recovery, I think we’ll see SPX push to 950. Be careful at this level though, especially on a Friday."
This morning, we got better-than-expected jobs data, and the market pushed higher. SPX hit 950, and we started locking in profits. I also got […]
The market continued where it left off last Friday and continued higher today! Right out of the gate, better-than-expected economic data, including manufacturing, consumer spending and construction spending, encouraged investors to work more sidelined money back into the stock market. Techs were especially strong, led by the semicondutors (mentioned last night in my Sector Watch). […]
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Yesterday, in our Trading Room, just before the market closed, I said:HappyTrading April 1, 2009 12:45 PMthe intraday charts are so choppy, but, the daily charts look like they want to break out higher!
In my post last night, I also commented:“The US market looks to […]
By HappyTrading
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Also posted in GS, GOOG, RIMM, FCX, X, UNP, CAT, BLK, VMC, NRF, NOG, HERO
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