November 10, 2008 – 7:35 pm
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The market was very volatile today. It opened higher, but, quickly faded into the red. Then, it was ranged-bound with violent swings. Financials were on the weak side: GS -8.45% (GS went below $70 today); PRU -11.11%; BAC -4.93%; JPM -3.55%. Commodity-related sectors were stronger. […]
November 5, 2008 – 6:01 pm
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The market could not sustain its winning streak today, and saw selling across the board. Yesterday, I said in my evening post,“SPX and Nasdaq are both testing their 30-day MAs. SPX closed above 1000. These are the initial resistances that we look at this weekend […]
October 28, 2008 – 4:34 pm
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The day after nearly testing 8000, the Dow came back and rallied above 9000, closing at 9065.12! The market was weak in the morning, but rallied hard in the last hour. Strength was seen across the board. Even commodity-related sectors went higher. Financials lead the pack: […]
October 1, 2008 – 4:40 pm
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The market was very volatile today, but, for the most part, range-bound. Investors/traders seemed to be nervous, and yet slightly more optimistic, ahead of the Senate’s voting on the modified economic rescue plan. Financials ended mostly higher: GS +5.08%; BAC +8.94%; JPM +6.27%; C +12.14%. But, […]
By HappyTrading
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Also posted in GS, Nasdaq, IMCL, SPX, MOS, MA, C, PRU, WFC, BAC, BLK, GE
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September 30, 2008 – 4:07 pm
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This morning, President Bush and various government officials promised to work together to revive the $700 billion rescue plan. This seemed to have given the markets some hope. Most sectors rallied. Dollar also jumped. Financials led the market higher: BAC +15.7%; PRU +11.2%; WFC +12.87%; JPM […]
By HappyTrading
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Also posted in Nasdaq, SPX, SOHU, SINA, SNDA, EDU, CHL, LFC, CHA, PRU, WFC, BAC
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This weekend, in my Market Forecast, I said,
“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, […]
By HappyTrading
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Also posted in GOOG, Nasdaq, AAPL, RIMM, SPX, CSCO, PCLN, AMZN, PRU, FNM, WB
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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
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Also posted in GS, POT, GOOG, Nasdaq, SPX, MOS, MA, MSFT, MER, CLF, ANR, PCX, HK
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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
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Also posted in EBAY, GS, GOOG, Nasdaq, RIMM, SPX, BIDU, SPWR, MA, AMZN, MER, WFC
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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 GOOG, Nasdaq, AAPL, RIMM, WFR, SPX, BIDU, SPWR, FSLR, BSC, XMSR, SIRI
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The market was very volatile today. It opened lower but started to recover immediately. It then dropped again in late morning and went below the opening low. But, after lunch, it started to come back up.
The Dow ended up +21.16 points; SPX was down 11.54 points; and Nasdaq fell 35.48 points.
Here’s how […]
![[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)
