August 12, 2008 – 5:15 pm
from MyHappyTrading.com by HappyTrading
The overall market was weak today, pressured by the financials once again. This morning, JPM disclosed widening losses in it mortgage portfolio. Both GS and BAC were down more than 6% WB tumbled 12.14% while WM dropped 9.28%. Gold fell under $810/ounce today, but, bounced back to about $815. The mining stocks closed […]
Well, it is still pretty much all about the financials on the market. Even with the housing bill passed this weekend, the financial sector still could not find any cheering today. XLF fell another 4.7% to close below $20. FNM and FRE opened up in the morning, but, quickly slid into the […]
Yesterday, on the member board, with 1 hour left in trading, I said:
HappyTrading
Posted July 23, 2008 at 12:04 pm | Permalink (Edit)
I’m starting to go cash!
This was because many of the tech and financials stocks were showing short-term tops. Yesterday, after the market BIDU, AMZN, and QCOM reported good earnings and news. The […]
The market started out weak today, pressured by earnings from AAPL, TXN, and AXP. But, after the gap-down open, the market climbed all day and accelerated upwards into the close. AAPL traded down nearly $20 in the morning, and ended down only $4.27 at $162.02. One of our brilliant members, Makemoney, jumped […]
The market continued to rally for the second, straight day. This morning, JPM beat the estimates with its earnings and saw its shares gap-up at the open. JPM shares ended +13.52% higher. GS and MA both kept going higher, adding +4.85% and +5.46%, repectively. The financial sector was strong as a […]
By HappyTrading
|
Also posted in POT, GOOG, Nasdaq, JPM, SPX, MOS, MA, MSFT, MER, CLF, ANR, PCX, HK
|
Despite the high CPI, the market rallied today, in a big way! Even though CPI came in higher than expected, the market chose to focus on the good news. Wells Fargo (WFC) reported strong quarterly results and raised its dividend. WFC shares jumped +32.76% and led the whole financial sector on a […]
By HappyTrading
|
Also posted in EBAY, GOOG, Nasdaq, RIMM, JPM, SPX, BIDU, SPWR, MA, AMZN, MER, WFC
|
The market started day well, especially the mining sector, gapping up on AA’s earnings report late yesterday. But, soon after lunch, things started to turn and VIX started to go up again, as I commented on the member board:
HappyTrading
Posted July 9, 2008 at 9:03 am | Permalink (Edit)
VIX
green. careful…
HappyTrading
Posted July 9, 2008 at 11:05 […]
The market started out cheerfully, with techs leading the way. MSFT today said that it would reopen talks to buy YHOO if a new board is elected. YHOO jumped +12%!! BIDU also did well, adding almost $12. AAPL looked strong as well, gaining almost +3%.
But, the financials stayed weak, and, soon […]
By HappyTrading
|
Also posted in Nasdaq, AAPL, SPX, BIDU, CELG, MA, YHOO, MSFT, STI, PRU, SVNT
|
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 started out weak, with FDX delivering disappointing earnings and forward guidance. After the oil inventories came out, crude oil price started to rise and added more pressure on the market. The financials continued to be weak, although GS was able to add +1.86%.
The metals and mining sector was hot, led by […]
![[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)
