September 25, 2008 – 4:07 pm
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The market kept things in the positive territory all day today, with a small slide in the afternoon. Still, there was no definitive word on the “bailout” plan. Among the modest gains, some sectors stayed weak. Fertilizers were mostly down today: POT -2.86%; CF -4.15%; MON […]
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 4, 2008 – 8:51 pm
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The market was stunned by a slew of bad economic news! Both the unemployment and the retail data pushed the bulls over the cliff! Commodities and techs continued their downward spiral. The market opened down and slid lower as the day went. The financial followed the market lower: GS -4%; MA -5.49%; MER […]
The market started out weak, but, finished strong. Yesterday, in my evening post, I said, “Tomorrow, we may see the market wobble a bit after today’s big gains. If the market can hold these levels with modest gains, it would be a good accomplishment tomorrow.” The market did exactly that, with Nasdaq outperforming […]
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, […]
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Also posted in GOOG, Nasdaq, AAPL, JPM, SPX, CSCO, PCLN, AMZN, PRU, FNM, WB
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Despite the high CPI, the market rallied today, in a big way! Even though CPI came in higher than expected, the market chose to focus on the good news. Wells Fargo (WFC) reported strong quarterly results and raised its dividend. WFC shares jumped +32.76% and led the whole financial sector on a […]
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Also posted in EBAY, GS, GOOG, Nasdaq, JPM, SPX, BIDU, SPWR, MA, AMZN, MER, WFC
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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 Nasdaq, AAPL, SPX, CELG, NOV, AMGN, BIIB, DNA, SLB, FLR, GMXR, CHK
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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:
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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 mixed today, with techs rallying higher. LEH reported a quarterly loss of nearly $3 billion, but, the news was already out last week. LEH shares rebounded +5.39% today, as there were no bad suprises. GS traded as high as $184.75 from Friday’s close of $178.29, and finished at $182.09. […]
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