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, AAPL, SPX, BIDU, CELG, MA, YHOO, MSFT, STI, PRU, SVNT
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During the short week before the 4th of July, the market took a big loss on Wednesday, and that was enough to keep the market in the red, although the market tried to gain some grounds on Thursday. The Dow finished the week down 57.97 points; SPX lost 15.48 points; Nasdaq tumbled 70.25 points. […]
The market started the day pretty well, seeing some gap-up opens in the energy sector and oil services. We quickly cashed out our gains in DVN and NOV (both mentioned yesterday). The DVN trade was purchased about a week ago and rendered a +43% gain; the NOV trade gave us an overnight profit […]
By HappyTrading
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Also posted in Uncategorized, SPX, X, NOV, RTP, CLF, DVN, ACI, ANR, MEE, PCX, CHK
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The overall market was very weak in the morning. Then, after lunch, things started to bounce. AAPL and RIMM led the techs. AAPL added +4.32% while RIMM garnered +5.45%. The biotechs were strong today. CELG jumped +8.44%, or $5.39, as SuperGen Inc, a competitor, drug trial failed. DNA, mentioned […]
By HappyTrading
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Also posted in AAPL, RIMM, SPX, CELG, NOV, AMGN, BIIB, DNA, SLB, FLR, GMXR, CHK
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On the last trading day of 2nd quarter, the market displayed little strength. It attempted to bounce all day, but, ended with sharp drops in the tech stocks. On the other hand, the energy sector (XLE) was strong and led the market. Metals and mining (XME) and oil services (OIH), which we […]
Last weekend, I said,
“Both indices are now in their bearish phase. SPX is on its daily lower BB and could test 1300 from here. Although Nasdaq was able to hold 2400, it may have some downward momentum on it’s side still. Below 2400, Nasdaq has a stronger support at 2350. VIX tested 23 on Friday, […]
Following yesterday’s disappointing news from RIMM and ORCL, the market gapped lower at the open. Oil jumped over $140/barrel and added more pressure on the market. The market accelerated lower into the close, with techs leading the way.
RIMM ended down more than 13%. GOOG lost $22.18, or 4.03% while BIDU gave up […]
Well, the Fed held the interest rates steady, as expected by most. The techs led the market up. Just before the Fed announcement came out, I said on the member board:
HappyTrading
Posted June 25, 2008 at 11:06 am | Permalink (Edit)
market
what I do see is that VIX is near 21; if it pushes lower, […]
The market traded all over the place today. It opened down; then, went into green; but, ended pretty much where it opened, in the red! The financials bounced a little bit today. Techs were still weak. Energy plays, coals, and metals were mixed; some were stronger intraday, but, most ended on […]
![[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)
