from MyHappyTrading.com by HappyTrading! ™
The market started with a huge gap-up open and charged higher, as investors cheered the government bailout of FNM and FRE. But, quickly after the first 15-minutes of trading, things started to lose momentum. The commodities were still very weak. Coals, metals and fertilizers all went even lower today. Techs also […]
from MyHappyTrading.com by HappyTrading! ™
The market was stunned by a slew of bad economic news! Both the unemployment and the retail data pushed the bulls over the cliff! Commodities and techs continued their downward spiral. The market opened down and slid lower as the day went. The financial followed the market lower: GS -4%; MA -5.49%; MER […]
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 […]
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 […]
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 […]
![[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)
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