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
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Also posted in Uncategorized, GS, IBM, Nasdaq, SPX, BIDU, CSCO, HPQ, QCOM, BRCM, ISRG, LEH
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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 […]
The market was in a jolly mood today! JPM announced that it would raised the buyout offer for BSC to $10/share. BSC shares doubled at one point, trading above $13. BSC closed at $11.25, up +88.76%. JPM also closed on the up side. Market seemed to like the […]
By HappyTrading
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Also posted in Nasdaq, AAPL, RIMM, JPM, WFR, SPX, BIDU, SPWR, FSLR, BSC, XMSR, SIRI
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The Fed slashed the interest rate by another 3/4 point! The market was already up in the morning on better-than-expected earnings from GS and LEH. After the Fed’s rate cut announcement, the market pole-vaulted to its biggest one-day gain since 2002 (even though, just yesterday, the market was still hanging up-side-down)!
Many of our […]
Wow, “what a difference a day makes!” It’s Fed to the rescue! $200 billion of liquidity to be pumped into the financial markets! Guess Simon & Garfunkel were right: when you “slip sliding away”, you’re almost there!
The market opened strong, dozed off until after lunch, and closed with a roaring freight train! […]
Well, the market just kept on “slip sliding away”. Ironically, the lyrics of this “Simon & Garfunkel” song say, “You know the nearer your destination, the more you slip sliding away.” Funny, these hippie song writers perhaps knew more than what we give them credit for, as the market capitulation may be near.
The […]
![[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)
