Oil prices jumped again! The broader market was pretty much weak all day. This morning, I said on the member board:
HappyTrading
Posted May 20, 2008 at 6:56 am | Permalink (Edit)
good morning.
Market
still weak; VIX at around $18, which is now a resistance. no hurry to act right now.
Commodities related sectors were strong. Oil, […]
By HappyTrading
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Also posted in Nasdaq, SPX, HES, NOV, RIG, AEM, DVN, UPL, APA, SU, CLR
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The market jumped out the gate this morning. SPX topped 1440 and Nasdaq went above 2550. But, soon after lunch, as VIX hit below the $16 support, profit-taking started. On the member site, I said,
HappyTrading
Posted May 19, 2008 at 10:49 am | Permalink (Edit)
VIX
hitting $16; some profits are being locked in.
We also […]
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, RIG, CLF, PKX, ACH
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February 26, 2008 – 4:53 pm
The market started out sluggishly today, as Google Inc. (GOOG) received downgrades on “disappointing” paid clicks data. On the economic front, consumer confidence dropped and the PPI was higher than expected. But, no worries, the market has got “Big Blue” on its side. IBM boosted its 2008 earnings outlook and announced an […]
December 26, 2007 – 6:06 pm
This was a nice way to come back from Christmas! Hope you’ve all had some wonderful time to share with friends and family. Santa definitely delivered some nice gifts! We cashed out some very profittable trades, especially on GOOG and BIDU:
GOOG Jan 720 calls, GOQAD, at $15, +100% (more out)
BIDU Jan 400 […]
December 12, 2007 – 7:07 pm
This morning, the market opened up sharply, almost completely erasing yesterday’s loss, as the Fed announced further plans to deal with credit problems. But, the big gains quickly faded.
Yesterday, I said, “The market now could slide further to test the 20-day MA (the cyan line). On the other hand, this quick drop might give […]
December 6, 2007 – 7:38 pm
“…I have to thank all for a nice 5 figure [$$,$$$] day. You all rock. Still the HAPPIEST place on the net.”
Lithium Rocketbottle
Posted December 6, 2007 at 1:07 pm | Permalink (Edit)
Another big money day on the market! The Dow was up +174.93 points; SPX added +22.33 points; Nasdaq gained +42.67 points! […]
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