October 1, 2008 – 4:40 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market was very volatile today, but, for the most part, range-bound. Investors/traders seemed to be nervous, and yet slightly more optimistic, ahead of the Senate’s voting on the modified economic rescue plan. Financials ended mostly higher: GS +5.08%; BAC +8.94%; JPM +6.27%; C +12.14%. But, […]
By HappyTrading
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Also posted in GS, Nasdaq, JPM, IMCL, SPX, MOS, MA, C, WFC, BAC, BLK, GE
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September 30, 2008 – 4:07 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
This morning, President Bush and various government officials promised to work together to revive the $700 billion rescue plan. This seemed to have given the markets some hope. Most sectors rallied. Dollar also jumped. Financials led the market higher: BAC +15.7%; PRU +11.2%; WFC +12.87%; JPM […]
By HappyTrading
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Also posted in Nasdaq, JPM, SPX, SOHU, SINA, SNDA, EDU, CHL, LFC, CHA, WFC, BAC
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September 22, 2008 – 4:30 pm
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As Congress brooded over the bail out plan for the credit crisis, the market continued with its wild swings. The market opened down and continued lower…and lower…and then, lower, until the close. Financials and techs led the downward slide. Techs were especially weak, giving back all […]
September 18, 2008 – 5:24 pm
from MyHappyTrading.com by HappyTrading! ™
The market went through some huge, swinging actions today. The market opened up in the morning. Nasdaq was quickly up +40 points and the Dow was up +180 points. Then, things turned. Nasdaq was down almost 30 points at its low and the Dow was down 150 points. Gold, then, rushed […]
September 16, 2008 – 4:40 pm
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 in and […]
September 8, 2008 – 4:38 pm
from MyHappyTrading.com by HappyTrading! ™
The market started with a huge gap-up open and charged higher, as investors cheered the government bailout of FNM and FRE. But, quickly after the first 15-minutes of trading, things started to lose momentum. The commodities were still very weak. Coals, metals and fertilizers all went even lower today. Techs also […]
This weekend, in my Market Forecast, I said,
“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, […]
By HappyTrading
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Also posted in GOOG, Nasdaq, AAPL, RIMM, JPM, SPX, CSCO, PCLN, AMZN, FNM, WB
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The market started out weak today, pressured by earnings from AAPL, TXN, and AXP. But, after the gap-down open, the market climbed all day and accelerated upwards into the close. AAPL traded down nearly $20 in the morning, and ended down only $4.27 at $162.02. One of our brilliant members, Makemoney, jumped […]
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, Nasdaq, AAPL, SPX, BIDU, CELG, MA, YHOO, MSFT, STI, SVNT
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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)
