The market opened higher today on favorable durable goods data. But, soon dropped into the red. However, after lunch, the commodities-related sectors seemed to gain more and more momentum. I, then, commented on the member board:
HappyTrading
Posted May 28, 2008 at 9:47 am | Permalink (Edit)
market
commodities are joining in; we might get a […]
By HappyTrading
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Also posted in POT, Nasdaq, SPX, MOS, X, NOV, CF, DO, RIG, MON, MOO, CNX, ANR, MEE
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Yesterday, in my evening post, I said, “The market does still show bullish formations in the major indices. We’ll have to see how VIX deals with the $18 mark (now, a resistance). If VIX gets pushed back down toward $16, we could still see the market forming a new leg up.”
This morning, VIX tried […]
By HappyTrading
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Also posted in ATI, Nasdaq, SPX, FCX, PCU, X, NOV, RTP, DO, RIG, PKX, ACH
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The stock market was up today, led by metals and mining. Energy stocks did well also, as crude closed above $124/barrel. (What did I say about trying to “rationalize” the market yesterday?) Gold seemed to be on its way back up, as GLD added +1.65%. Steel stocks were hot, again! […]
The market held its ground today, even though Bernanke was talking about the “R”-word. Solar stocks picked up the pace today as did metals. BIDU continued with its run and traded as high as $292 today! Oil jumped and oil services had another good day.
The Dow was down 48.53 points; SPX slid […]
By HappyTrading
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Also posted in Nasdaq, RIMM, SPX, LDK, SPWR, ICE, X, FSLR, STP, MON, YGE
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The market felt lethargic all day today. Durable goods data dropped and rekindled some worrying on the market. It made an attempt to rally back in the afternoon, but, still closed in the red. Metals were strong again today. Oil jumped and related sectors showed strength. Select agriculture plays were […]
February 11, 2008 – 6:32 pm
After a slow start, the market finally showed signs of life after lunch. The market re-tested the recent lows last week, but, hasn’t really made a convincing move up to confirm the double-bottom yet. Today, it made a good effort to stay alive.
The Dow closed up +57.88 points; SPX added +7.84 points; and […]
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
