Last week, the market was able to rally above the daily MAs before seeing a sharp, profit-taking session on Thursday. On Friday, the market was able to poise itself with minor gains and the techs leading.
SPX
SPX added +5.22 points to close at 1257.76. It closed pretty much right at the 20-day […]
The market had a good start, but, contiued to drift lower until the close. GS reported its earnings this morning, and, again it beat the estimates! GS had an early jump, opening $3 higher than yesterday’s close. But, since it has gone up so much in the past couple of trading sessions […]
The market went through another volatile week last week, ending with a bounce on Friday that allowed the Dow to record a win for the week. Oil actually went lower for the week (although we might not have felt the easing at the gas pump yet), and, news came out this weekend that Saudi […]
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 […]
So, the market broke higher last week and caught the daily upper BB (see charts). Nasdaq closed above 2500 and SPX closed just above 1425. VIX kept on sliding and has been riding its daily lower BB lower.
SPX
SPX added +1.78 points to close at 1425.35. It has started to ride its daily […]
The market had a great week last week, with the Dow gaining +393.02 points. Metals, agriculture, and solar stocks were particularly strong. Let’s take a look to see where the market stands.
SPX
On Friday, SPX added +1.09 points to close at 1370.4. Its daily MAs and MACD continued to rise. […]
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 […]
It’s Oscar Night!! Congrats to all the winners! Of course, being a person who has done visual effects and animated films, I paid special attention to those categories. I haven’t gotten a chance to see “The Golden Compass”, the winner of Best Visual Effects, yet; but, I did get to see “Ratatouille”. […]
After a slow start, the market finally showed signs of life after lunch. The market re-tested the recent lows last week, but, hasn’t really made a convincing move up to confirm the double-bottom yet. Today, it made a good effort to stay alive.
The Dow closed up +57.88 points; SPX added +7.84 points; and […]
The earnings season is heating up. Optiondragon took the time to go over several potential movers. I also think that YHOO, earnings on Tuesday (1/29), could be very interesting to watch. In addition, the FOMC meeting on Wednesday (1/30) will likely to be crucial.
After an early surge in the morning responding to […]
![[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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