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 […]
By HappyTrading
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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:
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 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. […]
The market was mixed today with techs on the weak side. Energy stocks, agriculture, metals, and oil services were strong. AAPL unveiled its new 3G iPhone at $199, $200 cheaper than what’s out there right now:
AAPL shares traded with great volatility and was down more than $10 at one point. Its shares […]
By HappyTrading
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Also posted in Uncategorized, POT, Nasdaq, AAPL, SPX, MOS, X, MON, CLF, BTU, ACI, CNX, STLD, BG, ANR, PCX, SCHN
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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 […]
This weekend, in my Market Forecast, I said
“For the new week, the beginning of the week could be very important in shaping how the market moves. VIX came off of the support at $18 last week, but, was not really able to make a move up. If the VIX gets driven below $19, it could […]
The market stayed pretty flat ahead of the Fed meeting tomorrow. Commodity related sectors sold off as crude dropped back down to $115 and change. Metals were mostly lower. It seemed that at least some money was rolling into technology sectors, as Nasdaq led the market.
V reported very good earnings after the […]
The market held its ground today, even though Bernanke was talking about the “R”-word. Solar stocks picked up the pace today as did metals. BIDU continued with its run and traded as high as $292 today! Oil jumped and oil services had another good day.
The Dow was down 48.53 points; SPX slid […]
By HappyTrading
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Also posted in Nasdaq, SPX, LDK, SPWR, ICE, X, FSLR, STP, MON, CLF, YGE
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