Market was strong out of the gate; and, it got stronger as the day went!! Investors cheered the favorable retailer and jobs data that came out this morning. The rally was broad-based, lead by coals, steels, and agriculture. Solar plays also rebounded nicely.
We’ve been patiently waiting on the sideline with […]
The market started out well today and was solidly on the green side. But, rumors about LEH needing to raise capital renewed concerns in the financial sector and took the market on a quick slide. The market later came back up, but, still closed in the red.
Coals went up higher in the morning, […]
The market opened higher today on favorable durable goods data. But, soon dropped into the red. However, after lunch, the commodities-related sectors seemed to gain more and more momentum. I, then, commented on the member board:
HappyTrading
Posted May 28, 2008 at 9:47 am | Permalink (Edit)
market
commodities are joining in; we might get a […]
The market was extremely choppy today, perhaps unnerved with the anticipation of the Fed minutes and then uncomforted after the Fed minutes had come out. But certain sectors still showed lots of strength: metals and miners, agriculture, and energy.
The Dow was down 35.99 points; SPX fell 7 points; and Nasdaq lost 6.07 […]
The market was pretty volatile today as it tried to establish a new trend and prevent reverting back to the recent patterns. It opened lower with the unfavorable unemployment report, but managed to climb back and close in the green. The agriculture stocks were particularly strong. Steel stocks continued to charge […]
The market held its ground today, even though Bernanke was talking about the “R”-word. Solar stocks picked up the pace today as did metals. BIDU continued with its run and traded as high as $292 today! Oil jumped and oil services had another good day.
The Dow was down 48.53 points; SPX slid […]
The market was basically flat today as some profit-taking gave things a chance to let off some steam. But, certain sectors were showing very strong performances. Metals, energy, and agricultures all showed a lot of strength. MON boosted its 2008 guidance and saw its shares jump nearly +10%. Other stocks in […]
It was a day for the bulls, and a day of “the cows”! MOO (agriculture ETF) jumped more than +3%, as many of its components continued to make new all-time highs! Last night, in my Market Forecast, I said of the “MOOs”,
“This sector looks ready to break out again! POT, MOS, and CF […]
What a volatile day! The market spent most of the morning in the green, but, ended pretty much unchanged. The Dow managed to add +12.76 points; SPX was unchanged; Nasdaq slid almost 7 points.
Here’s how the market looked at the close:
INX2 (Internet) and SWH (software) managed some minor gains, while SOX (semiconductors) and […]
Very nice actions today! The market woke up, especially the techs! We have positioned ourselves well since earlier this week, and, were able to profit from the jump today!
The Dow was up +38.37 points; SPX gained +7.12 points; and Nasdaq jumped +39.85 points!
Let’s see how the market looked at the close:
The techs […]
![[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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