September 4, 2008 – 8:51 pm
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 […]
The market did a total U-turn today from yesterday’s close and gain back more than it lost yesterday! This weekend, in my Market Forecast, I said,
“For the new week, the market should continue to look for confidence in the financials. We need to see the financials continue with their recovery process. Oils and the […]
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 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, JPM, SPX, MOS, 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, JPM, SPX, BIDU, SPWR, AMZN, MER, WFC
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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, […]
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 flat, but, continued to gain strength through out the day. Oil fell again, by more than $5 today. The financials reversed their morning weakness and led the market up straight to the close. XLF jumped +6.48% and closed above $20 (the support level that we’ve been looking at). […]
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
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Also posted in GS, Nasdaq, AAPL, SPX, BIDU, CELG, YHOO, MSFT, STI, PRU, SVNT
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![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
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