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Category Archives: MS

Market Finally Relaxes… PRU, STI, MS, GS

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Yesterday’s heroes are today’s villains!  Financials finally saw substantail profit-taking today.  PRU was down 24.72%!!  STI gave back 10.72%.  MS has been weak lately, trading back down to $21.  GS lost 5.65% and closed under $100.  Commodity-related sectors were strong today.  Oil traded higher, $51/barrel, as [...]

Financials Lead The Market In Bounce! MS, GS, JPM, WFC, PNC, BIDU, SOHU, CEO, ACH

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market jumped out of the gate this morning, as Citigroup (C) professed that it operated at a profit in the first two months of 2009.  The financials stocks quickly rallied and continued higher throughout the day.  There were many double-digit gainers: GS +15.32%; MS +26.46%; JPM [...]

GM Asks For $30 Billion More, Markets Tumble! SPX, Nasdaq, GS, WFC, MS, JPM, XOM, CVX, SRS, SKF, EEV

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Even though President Obama signed the stimulus plan into law, the economic worries just seemed to be overwhelming for the markets right now.  Chrysler requested an addition $5 billion while GM said it may need another $30 billion!  Financials led the decline again:  GS -11.14%, [...]

More Economic Woes Pressure The Market: SPX, Nasdaq, JPM, MS, PNC, WFC, AMZN, SPWRA

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market opened down today and sank lower as the day went.  Jobless claims and durable orders were the latest economic data that further pressured the market.  Financials led the downward slide again:  JPM -8.06%; MS -11.37%; PNC -8.36%; WFC -11.37%.  This market is so [...]

Financials Lead The Bounce (What A Difference A Day Makes!) SPX, Nasdaq, MS, PNC, JPM, GS, GOOG, CME, MA, RTP, AAPL

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! What a difference a day makes!  Yesterday, the market rushed to dump the financials stocks.  Today, the market bought them back hand-over-fist (MS +28.70%; PNC +37.09%; JPM +25.1%; GS +18.07%)!  Among the top “point” gainers were: GOOG +$20.33; CME +$21.51; RTP +$8.32; MA +$12.92. The [...]

Investors Run For Safety, Pumping Gold Up More Than $90! SPX, Nasdaq, AIG, GS, MER, BAC, MS, GLD, GDX, AEM, ABX

from MyHappyTrading.com by HappyTrading! ™ The market was not encouraged by the government rescue solution for AIG; not one bit!  AIG fell more than 45% today to close just above $2/share.  The pre-announcement on MS earnings, which beat the estimates, did not help either.  MS shares flopped 24.22%!  Rest of the financial sector was a [...]

Market Keeps Gains In Volatile Trading! SPX, Nasdaq, GS, MER, BAC, PRU, AIG, MS

from MyHappyTrading.com by HappyTrading! ™ Yesterday, in my evening post, I said, “VIX shot up above 30 today and closed at 31.7!  Both SPX and Nasdaq closed below their July low levels (SPX 1200; Nasdaq 2200).  This downward momentum will likely carry through tomorrow morning.  Then, we’ll have to see if the bottom fishers come [...]