It was another volatile day on the market. The market started out the day well on the news of Dow Chemicals (DOW) buying competitor Rohm and Haas Co. (ROH) for $15 billion in cash, a 74% premium of ROH’s closing price yesterday. The market spent most of the day in the positive territory, […]
August 20, 2007 – 5:59 pm
The major indices were pretty flat today. SPX was off less than half-a-point. Nasdaq gained +3.56 points, while the Dow garnered +42.27 points.
But, there were many very exciting stocks today, two of which were RIMM and BIDU! We made very good money of these today (RIMM for the past couple […]
August 16, 2007 – 7:22 pm
Wow, what a day!! We made money on both sides (short and long)!!
We started off with PCU and X puts, purchased yesterday. Right off the bat, those PCU puts doubled overnight!! We sold them way too early, as both PCU and X continued to drop. But, as the market bounced, […]
By HappyTrading
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Also posted in Uncategorized, Nasdaq, RIMM, SPX, PCP, SPWR, PCU, X, CFC, HPQ, DELL
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August 13, 2007 – 5:36 pm
The day started out very well, with the market rallying right from the open. But, it quickly faded. Even though there were several attempts to turn back upwards, the market eventually closed just slightly down. The Dow was down just 3 points; SPX down 0.72 points; and, Nasdaq was down 2.65 points. […]
Again, “What a difference a day makes!!” With more bad news from the financial and housing sectors, the market went down “huge” today, reversing yesterday’s “big” gains, and more! The Dow was down 387 points; SPX was down 44; and, Nasdaq was lower by 56 points!
As you can see, most sectors were down. […]
So, the Fed holds rates unchanged and the market rallies, as explained by this article from Reuters. According to this article, “The Fed, which also left interest rates unchanged at a policy meeting, buoyed the market by reassuring investors that problems in mortgage lending and corporate finance would not drag on the broader economy.” […]
Yesterday, I said, “…we’ll need to see a follow-through on this relief rally tomorrow to establish a bottem.” And, today, the market did just that!
The Dow closed another +101 points higher; SPX +6.39; and, Nasdaq gained +22.82! Recently, it always makes me “happy” to see XLF green! The financials really need to […]
What a strange and volatile day!! VIX was over 25 at one point! But, in the last 45 minutes or so, the market charged from the low of the day to close at the high of the day!
As you can see, the Dow closed up more than 150 points, SPX up more than […]
I just like to do a quick review of the actions today. No charts, since I’ll be going over those this weekend, and, we can all start enjoying the weekend! =)
Today:
SPX closed at 1458.95, -6.2% from recent high
Nasdaq closed at 2562.25, -6.0% from recent high
Dow closed at 13265.47, -5.4% from recent high
Yesterday, I […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
