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 […]
Wow! What a way to close! Almost every sector jumped with about 30-minutes left in trading. Most financial stocks turned green! What they say about "Going away in May" is a myth. Very often, it’s really "Buy in May, it’ll be great!!" You really have to trade what the market gives you. A lot of shorts […]
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The market was again volatile. It was strong in the morning, but, fell back in the afternoon. But, in the last half-hour, the market was able to rally and close in the green! The breadth was pretty good. Most sectors were up. Even the financials […]
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After Monday’s big drop (the Dow lost over 200 points), the market came back up. It was on its way to recover Monday’s loss, until the last half-hour. Still, it was able to keep a modest gain. Financials led the sectors again: GS +5.53%; PRU […]
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, SINA, EDU, CHL, LFC, CHA, PRU, WFC, BAC
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August 14, 2008 – 5:59 pm
This morning, the CPI data came out. It was higher than expected! The market opened lower, but, quickly turned around and went into the positive territory. Dollar went higher and oil dropped again. Commodity-related sectors gave back some gains from yesterday. Gold took a tumble and closed at a new year low. It is trading […]
February 26, 2008 – 4:53 pm
The market started out sluggishly today, as Google Inc. (GOOG) received downgrades on “disappointing” paid clicks data. On the economic front, consumer confidence dropped and the PPI was higher than expected. But, no worries, the market has got “Big Blue” on its side. IBM boosted its 2008 earnings outlook and announced an […]
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 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 […]
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)
