It was another volatile day on the market. The market started out the day well on the news of Dow Chemicals (DOW) buying competitor Rohm and Haas Co. (ROH) for $15 billion in cash, a 74% premium of ROH’s closing price yesterday. The market spent most of the day in the positive territory, […]
October 2, 2007 – 5:59 pm
Another very good day! The market traded sideways to up, venting (after yesterday’s big jump) without losing altitude. This is very encouraging. Again, as I said in my Market Forecast this weekend, “For the new week, I think the market is in a good position to continue higher into the earnings. I […]
September 27, 2007 – 5:43 pm
The market continued to move up today, but, not by a whole lot. The Dow added +34.79 points; SPX gained almost +6, while Nasdaq finished up with +10.56 points.
During the past couple of days, we continued to lock in profits:
9/27/07
sell to close
PCP Oct 140 calls, PCPJH, at $11.2, +10.9% (partially out)
GS Oct 200 calls, […]
September 17, 2007 – 5:22 pm
It was a “cautious” day for most. The techs, however, were a bit weaker than the broader market. The Dow slid 39.10 points. SPX gave up just 7.60 points. But, Nasdaq went down 20.52.
Here’s how the market closed:
INX2 (Internets) continued to be strong. But, both SOX (semiconductors) and BTK (biotechs) […]
Yesterday, I said, “…we’ll need to see a follow-through on this relief rally tomorrow to establish a bottem.” And, today, the market did just that!
The Dow closed another +101 points higher; SPX +6.39; and, Nasdaq gained +22.82! Recently, it always makes me “happy” to see XLF green! The financials really need to […]
This is a post to demonstrate the kind of individual analyses to be seen only on the “private membership” site!
AMAT
AMAT broke above the resistance at 21.75 to close at 22.02 today and made a new all-time high of 22.12. This is a bullish move and could send AMAT higher before its earnings on 8/14.
We […]
It was a great day!! Thanks Feds! Let the bulls run!! I tried to stay positive since I started this blog on Sunday 3/18, hoping that the Feds will help spark a broad-based rally. Or, maybe the bulls are just looking for an excuse to rally. A few days before the selloff at the end […]
![[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)
