Following yesterday’s disappointing news from RIMM and ORCL, the market gapped lower at the open. Oil jumped over $140/barrel and added more pressure on the market. The market accelerated lower into the close, with techs leading the way.
RIMM ended down more than 13%. GOOG lost $22.18, or 4.03% while BIDU gave up […]
The market got an early jump as better-than-expected retail sales report came in. But, it seemed like there was still selling pressure on the market. The market started sliding in the late morning and went into the red in the afternoon. However, it was able to get a nice pop right before […]
The market was a bit volatile in the morning, but the techs were strong enough to push the market to close with some solid gains. Yesterday, in my Market Forecast, I said, “We are also seeing money being rotated. Techs are now looking better than the overall market.” This morning, on the member […]
This weekend, in my Market Forecast, I said
“For the new week, the beginning of the week could be very important in shaping how the market moves. VIX came off of the support at $18 last week, but, was not really able to make a move up. If the VIX gets driven below $19, it could […]
Market did a total reveral of what it did yesterday. Today, it opened high and soon turned around a continued to slide lower all day. VIX, again, gave us some good clues. That $18 support held firmly and VIX just bounced off. I got “increasingly cautious” as the day went:
HappyTrading
Posted May […]
First week back from my vacation and the market made solid gains. The Dow was up +166.34 points; SPX gained +16.06 points; and Nasdaq added +54.06 points. I’ll just do a quick wrap with the trades made this week and go right into my Market Forecast.
We got 100% GR$$N on the closed trades:
RIMM […]
Well, another rate cut, a quarter-point this time, turned out to be pretty much a “non-event”, at least for the market today. The market was up solidly just before the news came out, and, held steadily for about half-an-hour. Then, the market reversed. The market came back some before the close, but, […]
The market stayed pretty flat ahead of the Fed meeting tomorrow. Commodity related sectors sold off as crude dropped back down to $115 and change. Metals were mostly lower. It seemed that at least some money was rolling into technology sectors, as Nasdaq led the market.
V reported very good earnings after the […]
This weekend, in my Market Forecast, I said,
“For the new week, I think the market is in a good position to continue what it started early last week. We’ll again be watching to see if the market can rally above SPX 1340 and Nasdaq 2300. If it does, the important thing this week is for […]
By HappyTrading
|
Also posted in Uncategorized, GS, IBM, Nasdaq, SPX, BIDU, CSCO, HPQ, QCOM, BRCM, ISRG, LEH
|
The market felt lethargic all day today. Durable goods data dropped and rekindled some worrying on the market. It made an attempt to rally back in the afternoon, but, still closed in the red. Metals were strong again today. Oil jumped and related sectors showed strength. Select agriculture plays were […]
![[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)
