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Category Archives: CIT


Financials Rally In A Red Market Day! SPX, Nasdaq, AIG, CIT, ABK, MBI, WFC, BAC, JPM, GS, PNC, CSCO

August 5, 2009 – 5:04 pm

Finally, the market gets a down day.  But, there were still plenty of winners.  Financials charged up higher today.  XLF (financial ETF) added +3.45%, closing above $14!  SKF (financial ultrashort ETF) closed at a new low, below $30, at $29.29.  AIG was the big story in the sector, jumping +62.72% on the day, up +$8.48 […]

By HappyTrading | Also posted in GS, JPM, CSCO, ABK, MBI, WFC, BAC, PNC, AIG | Comments (0)

Market Rally Continues! SPX, Nasdaq, CIT, HGSI, TXN, LM, JDAS, V, MA, AXP, FCX, X, BTU, RTP

July 20, 2009 – 4:35 pm

After hearing that CIT managed to secure a financing deal, the market opened higher.  Commodity sectors led the charge (see Sector Watch from last night’s article).  Miners were especially strong:  FCX added +2.7% (earnings tomorrow morning); X jumped +5.51%; BTU was up +5.04% (upgrade today); RTP hopped $6.5!  Credit card companies also traded higher:  V […]

By HappyTrading | Also posted in FCX, PCU, X, MA, RTP, TXN, AXP, CLF, BTU, CNX, V, MEE, LM, HGSI, JDAS | Comments (0)