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 was a bit volatile in the morning, but the techs were strong enough to push the market to close with some solid gains. Yesterday, in my Market Forecast, I said, “We are also seeing money being rotated. Techs are now looking better than the overall market.” This morning, on the member […]
The market felt lethargic all day today. Durable goods data dropped and rekindled some worrying on the market. It made an attempt to rally back in the afternoon, but, still closed in the red. Metals were strong again today. Oil jumped and related sectors showed strength. Select agriculture plays were […]
January 16, 2008 – 7:22 pm
Another volatile day, as investors surf the market waves cautiously. The question is: can the market come out of the crashing waves alive? The market opened lower on INTC’s disappointing earnings. The CPI came in benign. After the downdraft in the morning, the market bounced. It stayed in the green […]
December 19, 2007 – 4:55 pm
Another choppy day, as the market tried to extend yesterday’s turn-around bounce. The market started out high, drifted lower, and finished nearly flat. The Dow slipped 25.20 points; SPX slid 1.98; Nasdaq was stronger for a change, a “change” of almost +5 points!
Let’s see how the market looked at the close:
INX2 (Internet), SOX […]
September 20, 2007 – 6:14 pm
Well, like I said this weekend, “During the mid-week, the market may need some time to breathe.” Yesterday, we saw some of the profit-taking in late morning. Today, we saw some more. But, the market really held up pretty well. The Dow was down just 48.86 points; SPX gave up 10.28 […]
![[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)
