October 8, 2008 – 4:01 pm
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Central banks around the global cut interest rates in a coordinated effort to help ease the credit crisis. The Fed slashed rates by half-a-point to 1.5%. The market was very volatile, going up-and-down many times; but, still ended down! Certain sectors were able to hold on […]
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, PCU, X, NOV, RTP, DO, RIG, CLF, PKX, ACH
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It was kind of a sluggish day on the market today, although the commodity related sectors were very strong! This weekend, in my Market Forecast, I said, “I will also be watching how commodities play against the techs. Some commodity related sectors are threatening to make a comeback already, although some money did seem […]
February 28, 2008 – 5:36 pm
Gold (and other precious metals), oil, and natural gas prices spiked up again! Gold is above $970/ounce and crude is above $102/barrel, while the rest of the market staggered. Yesterday, I mentioned that I didn’t like seeing VIX above $22. Sure enough, the broader market faltered today.
The Dow closed down 112.10 points; […]
By HappyTrading
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Also posted in Uncategorized, Nasdaq, SPX, XME, PCU, ECA, SWN, DECK, DVN, UPL, APA, BTU, ACI, CNX
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![[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)
