Well, the market just kept on “slip sliding away”. Ironically, the lyrics of this “Simon & Garfunkel” song say, “You know the nearer your destination, the more you slip sliding away.” Funny, these hippie song writers perhaps knew more than what we give them credit for, as the market capitulation may be near.
The […]
February 7, 2008 – 5:27 pm
The market bounced today after opening lower. Two weeks ago, on 1/22/08, I said,
HappyTrading
Posted January 22, 2008 at 12:21 pm | Permalink (Edit)
market
I’m cautiously “more” optimistic. If this is indeed establishing the bottom, then, we haven’t seen the real bounce yet. The initial bounce will need to take SPX to 1375-1410 (the 2 resistance […]
February 6, 2008 – 6:51 pm
Tonight is Chinese New Year’s Eve 2008. So, Happy Chinese New Year, everyone! I’m going to make this a quick post, going over the market; so, I can have dinner with my family. Our friend OptionDragon will continue with his own post, looking at some interesting stocks.
The market was not very happy […]
February 5, 2008 – 7:13 pm
The market’s downward momentum accelerated drastically today by the low ISM number, stirring more economic concerns. The market could not hold its 10-day MA and it slid continuously until the close.
The Dow was down 370.03 points; SPX fell 44.18 points; and Nasdaq tumbled 73.28 points.
Most sectors were lower today:
VIX jumped +8.66%. Techs were […]
February 4, 2008 – 7:22 pm
The market spent its time today letting off some steam. It held up well, with techs being a little weaker. This weekend, in my Market Forecast, I said,
“For the new week, I think the market could feel the need to vent. How the market handles the venting will be very important. …If the […]
January 28, 2008 – 6:01 pm
The market opened lower this morning with disappointing new home sales data. But, the market climbed higher all day to close at the day’s high! This weekend, I said in my weekly Market Forecast,
“For the new week, I think Monday is going to be very important. The market needs to close above […]
January 17, 2008 – 6:34 pm
I had to step away for a meeting 1 hour before the close today. The market was doing a little better just then. But, I made one last comment before I left:
HappyTrading
Posted January 17, 2008 at 11:55 am | Permalink (Edit)
I don’t trust any rally right now, unless there’s external catalyst that changes […]
October 1, 2007 – 6:45 pm
That was a nice way to start the week, the month, and the new quarter!! In my Market Forecast this weekend, I said, “The overall market situation is perhaps better than I had thought. The sideways-trading this week has allowed the market to vent without losing any altitude, and in fact, it gained a […]
September 26, 2007 – 7:11 pm
The market rallied today. The Dow gained almost +100 points! SPX added +8.21 points, and Nasdaq jumped another +15.58! This rally was actually well-distributed, in that some of the usual leaders just sort of “sat and watched”. For example, GOOG closed down 0.84 points, BIDU lost almost 12, AMZN was flat, […]
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