November 16, 2009 – 6:11 pm
This morning, retail sales numbers came in better than expected. Investors were seemingly encouraged by the data and proceeded to push the stocks higher. Gold, once again, made new highs, trading above $1140/ounce. Oil also went higher. Commodity sectors bounced today. Coal stocks were particularly strong: BTU +5.51%, ACI +2.9%, CNX +4.21%, MEE +6.08%. In the morning, […]
Stocks hopped out of the gate this morning, cheering better-than-expected report on durable goods. But, just before the Fed announced its decision on rates, the market became unstable. The Fed kept rates unchanged, between 0 and 0.25, and said that inflation is contained. As usually, the market was very volatile immediately after the Fed’s statements were […]
September 30, 2008 – 4:07 pm
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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, SNDA, EDU, CHL, LFC, CHA, PRU, WFC, BAC
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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 […]
November 14, 2007 – 7:27 pm
Yesterday, I talked about how both SPX and Nasdaq have their daily MAs in a “bearish” formation, and that it is still prudent to be cautious, even though we had a very strong bounce. Today, the market opened high and slowly went lower, and lower. The Dow closed down 76.08 points; SPX gave […]
October 29, 2007 – 6:11 pm
Nice way to start the week! This weekend, in my Market Forecast, I said, “For the new week, I’m looking for the market to make some continuation of Friday’s rally, although we might still see volatility, especially early on Monday. We have another Fed meeting on Wednesday, so the gains early in the week […]
September 12, 2007 – 6:12 pm
It was a flat day, a day for the market to breathe. The Dow closed down 16.74 points; SPX was up by 7 cents; and, Nasdaq slid 5.4 points. Between yesterday and today, we locked in some pretty good profits on RIMM, BIDU, and GOOG:
RIMM Oct 85 calls, RFYJX, at $6.2, +12.7% […]
![[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)
