The market did a total U-turn today from yesterday’s close and gain back more than it lost yesterday! This weekend, in my Market Forecast, I said,
“For the new week, the market should continue to look for confidence in the financials. We need to see the financials continue with their recovery process. Oils and the […]
Well, it is still pretty much all about the financials on the market. Even with the housing bill passed this weekend, the financial sector still could not find any cheering today. XLF fell another 4.7% to close below $20. FNM and FRE opened up in the morning, but, quickly slid into the […]
Yesterday, on the member board, with 1 hour left in trading, I said:
HappyTrading
Posted July 23, 2008 at 12:04 pm | Permalink (Edit)
I’m starting to go cash!
This was because many of the tech and financials stocks were showing short-term tops. Yesterday, after the market BIDU, AMZN, and QCOM reported good earnings and news. The […]
The market was solid all day today, and kept the rally going. Commodities were once again weak and the oil prices fell further. Techs led the market, although biotechs took a breather. CME, mentioned yesterday, went up another +6.65%, or $24.35, closing above $390! Among our members, angar held on to this […]
The market was again volatile today. It was stronger in the morning, but, like yesterday, sellers came in in the afternoon. The techs were able to hang on to solid gains, though.
The Dow finished down 12.37 points; SPX slid just 0.45 points; Nasdaq gained +22.66 points:
XLF (financials) slipped again today, down 0.62%. […]
This weekend, in my Market Forecast, I said,
“For the new week, I think the market is in a good position to continue what it started early last week. We’ll again be watching to see if the market can rally above SPX 1340 and Nasdaq 2300. If it does, the important thing this week is for […]
By HappyTrading
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Also posted in Uncategorized, GS, IBM, GOOG, Nasdaq, SPX, BIDU, CSCO, HPQ, BRCM, ISRG, LEH
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January 23, 2008 – 6:57 pm
What a wild day! The market was down “HUGE”, with the Nasdaq down almost 90 points at one point (AAPL was down almost $30, trading at $126; and GOOG was down over $65, trading under $520.)! This weekend, in my weekly Market Forecast, I said,
“For the new week, the market could look […]
September 13, 2007 – 5:13 pm
Yesterday, I said, “I think the market is in a position to have a good rally tomorrow to get the 20-day MA above the 30-day MA!” Well, we did get a rally and the market now has the 20-day MA above the 30-day MA! The rally, though, was somewhat muted, especially among the […]
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