The market’s recent focus has been centered around the financial sector and the oil price. Any news in these two areas have been able to influence the overall market movements. On Monday, LEH reported earnings that matched expectations and helped the financial sector; further, oil went lower. The result? The market […]
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 […]
As mentioned in my Weekly Wrap, the market ended down last week, with some commodity sectors acting strong. The Dow ended the week down 312.32 points; SPX lost 25.62 points; Nasdaq slid 31.47 points. The techs held up pretty well, but, the financials were weak.
Let’s take a look at where the market stands:
SPX
SPX […]
First week back from my vacation and the market made solid gains. The Dow was up +166.34 points; SPX gained +16.06 points; and Nasdaq added +54.06 points. I’ll just do a quick wrap with the trades made this week and go right into my Market Forecast.
We got 100% GR$$N on the closed trades:
RIMM […]
February 26, 2008 – 4:53 pm
The market started out sluggishly today, as Google Inc. (GOOG) received downgrades on “disappointing” paid clicks data. On the economic front, consumer confidence dropped and the PPI was higher than expected. But, no worries, the market has got “Big Blue” on its side. IBM boosted its 2008 earnings outlook and announced an […]
February 18, 2008 – 1:48 pm
Although the market did not show much conviction in a direction last week, it did finish with modest gains. The afternoon rally, on Friday, left the market in a good position to continue to recover from the bottom.
SPX
SPX added +1.13 points on Friday to close at 1349.99. It closed above the 10-day and […]
February 10, 2008 – 3:58 pm
The market was down last week, finishing mixed on Friday with the Dow down 64.87 points, SPX slideing 5.62 points, and Nasdaq adding +11.82 points.
SPX
SPX slid 5.62 points to close at 1331.29. It closed above the 1325 support level. The 10-day and 20-day MAs are touching, and the MACD is flattening out.
Nasdaq
Nasdaq added […]
January 27, 2008 – 10:04 am
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 […]
January 2, 2008 – 6:53 pm
The market opened higher, but, quickly faded into the red. The market tried to bounce in the early afternoon, but, slid back some to the close. The Dow lost 220.86 points; SPX gave up 21.20 points; Nasdaq stumbled 42.65 points.
The big news today were, of course, record-high oil and gold! Oil prices […]
Ok, since I posted that song earlier today, “Free Falling” by Tom Petty, I got it stuck in my head! (Please come to the blogsite to see the music video.)
Crazy day!! The Dow was at one point down almost 450 points!! Nasdaq was down more than 80 points!! SPX was down […]
By HappyTrading
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Also posted in POT, Nasdaq, AAPL, FFIV, WFR, SPX, XLF, XME, XOM, BIDU, CMI, USO
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![[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)
