The market started the day pretty well, seeing some gap-up opens in the energy sector and oil services. We quickly cashed out our gains in DVN and NOV (both mentioned yesterday). The DVN trade was purchased about a week ago and rendered a +43% gain; the NOV trade gave us an overnight profit […]
By HappyTrading
|
Also posted in Uncategorized, Nasdaq, SPX, X, NOV, CLF, DVN, ACI, ANR, MEE, PCX, CHK
|
On the last trading day of 2nd quarter, the market displayed little strength. It attempted to bounce all day, but, ended with sharp drops in the tech stocks. On the other hand, the energy sector (XLE) was strong and led the market. Metals and mining (XME) and oil services (OIH), which we […]
The market was very volatile today. It opened down, but, came up into the green, only to fade away and close in the red. Commodities were weak, as dollar saw strength. Gold traded below $870/ounce and oil dropped under $132/barrel. Steels and coals retreated as well.
The Dow ended up +9.44 points; […]
Yesterday, in my evening post, I said, “The market does still show bullish formations in the major indices. We’ll have to see how VIX deals with the $18 mark (now, a resistance). If VIX gets pushed back down toward $16, we could still see the market forming a new leg up.”
This morning, VIX tried […]
By HappyTrading
|
Also posted in ATI, Nasdaq, SPX, FCX, PCU, X, NOV, DO, RIG, CLF, PKX, ACH
|
The stock market was up today, led by metals and mining. Energy stocks did well also, as crude closed above $124/barrel. (What did I say about trying to “rationalize” the market yesterday?) Gold seemed to be on its way back up, as GLD added +1.65%. Steel stocks were hot, again! […]
February 21, 2008 – 6:27 pm
This market just cannot make up its mind. It has been “seesawing” back and forth. For the past 5 trading sessions, it has been closing in the opposite direction as it has opened. When the market opened up, it closed down; when the market opened down, it closed up!
Today, the market opened […]
February 5, 2008 – 7:13 pm
The market’s downward momentum accelerated drastically today by the low ISM number, stirring more economic concerns. The market could not hold its 10-day MA and it slid continuously until the close.
The Dow was down 370.03 points; SPX fell 44.18 points; and Nasdaq tumbled 73.28 points.
Most sectors were lower today:
VIX jumped +8.66%. Techs were […]
November 8, 2007 – 6:59 pm
This market is acting like its on some kind of psychedelic drug - it is “seeing” all sorts of colors!! LOL!! The market opened slightly green, but, quickly faded into the red. Then, it got a little more red. Then, it got a LOT more red! Meanwhile, we’re cashing in […]
September 6, 2007 – 5:41 pm
The market was quiet today, kind suppressed (almost artificially). The major indices did close in the green, though. The Dow finished up +57.88 points; SPX gained +6.26 points; Nasdaq went up +8.37 points. But, from the sector performances, one would almost think that the major indices should have been higher!
The biotechs (BTK) […]
![[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)
