Last weekend, I said,
“Both indices are now in their bearish phase. SPX is on its daily lower BB and could test 1300 from here. Although Nasdaq was able to hold 2400, it may have some downward momentum on it’s side still. Below 2400, Nasdaq has a stronger support at 2350. VIX tested 23 on Friday, […]
The market was very volatile today. It opened down, but, came up into the green, only to fade away and close in the red. Commodities were weak, as dollar saw strength. Gold traded below $870/ounce and oil dropped under $132/barrel. Steels and coals retreated as well.
The Dow ended up +9.44 points; […]
The market ended on a down note last week, as oil spiked up above $139/barrel. On Friday, the Dow was down 394.64 points; SPX lost 43.47 points; and Nasdaq tumbled 75.38 points. Just the day before, on Thursday, the Dow was up +213.97 points, with SPX adding +26.85 points and Nasdaq gaining +46.80 […]
Last week, the market could not continue with its new leg up and had a reversal. For the week, the Dow was down 507.17 points; SPX lost 49.42 points; Nasdaq slid 84.18 points. VIX closed above 19, at 19.55; but, its intraday charts are showing “toppiness”.
SPX
On Friday, SPX lost 1375.93 points to close […]
So, the market broke higher last week and caught the daily upper BB (see charts). Nasdaq closed above 2500 and SPX closed just above 1425. VIX kept on sliding and has been riding its daily lower BB lower.
SPX
SPX added +1.78 points to close at 1425.35. It has started to ride its daily […]
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! […]
With big news (BSC/JPM and Fed’s discount rate cut) on a Sunday before the options expiration week, the market is bound to be very volatile on Monday. Fed’s immediate discount rate cut is, no doubt, an attempt to buffer the effect of the JPM $2/share bailout of BSC! Nikkei (Japan) is down […]
The market opened strong, continuing from yesterday’s rally. But, it started to fade in late morning, as profit-taking started to kick in (other people/articles might give other reasons). Within the last hour of trading, the profit-taking gained momentum and the market closed in the red. Crude spiked up over $110/barrel today. […]
$100 oil seems to have been accepted by the market. Crude traded to almost $105/barrel today and there were no big headlines about it. Gold was above $993/ounce today, getting close to that 4-digit number, $1000! Silver also made a new multi-year high, nearing $21/ounce. The market was in part supported […]
February 25, 2008 – 12:34 am
It’s Oscar Night!! Congrats to all the winners! Of course, being a person who has done visual effects and animated films, I paid special attention to those categories. I haven’t gotten a chance to see “The Golden Compass”, the winner of Best Visual Effects, yet; but, I did get to see “Ratatouille”. […]
![[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)
