The GDP came in at 0.6, which matched the estimates. The market futures initially jumped when the GDP report came out, but, MER and UBS received lowered earnings outlook and soon started to put pressure on the financial sector. This weekend, in my Market Forecast, I said,
“The market has been under pressure for […]
The market was basically flat today as some profit-taking gave things a chance to let off some steam. But, certain sectors were showing very strong performances. Metals, energy, and agricultures all showed a lot of strength. MON boosted its 2008 guidance and saw its shares jump nearly +10%. Other stocks in […]
The market was in a jolly mood today! JPM announced that it would raised the buyout offer for BSC to $10/share. BSC shares doubled at one point, trading above $13. BSC closed at $11.25, up +88.76%. JPM also closed on the up side. Market seemed to like the […]
By HappyTrading
|
Also posted in GOOG, Nasdaq, AAPL, RIMM, JPM, WFR, SPX, BIDU, FSLR, BSC, XMSR, SIRI
|
$100 oil seems to have been accepted by the market. Crude traded to almost $105/barrel today and there were no big headlines about it. Gold was above $993/ounce today, getting close to that 4-digit number, $1000! Silver also made a new multi-year high, nearing $21/ounce. The market was in part supported […]
February 13, 2008 – 5:48 pm
The market rallied today, cheering the good January retail sales numbers. In addition, Paulson, Secretary of Treasury, reiterated positive comments about the economy, as the fiscal stimulus package gets signed into effect. After retesting the bottom and quietly waiting for a few days, the market finally seems to be coming up for some […]
February 11, 2008 – 6:32 pm
After a slow start, the market finally showed signs of life after lunch. The market re-tested the recent lows last week, but, hasn’t really made a convincing move up to confirm the double-bottom yet. Today, it made a good effort to stay alive.
The Dow closed up +57.88 points; SPX added +7.84 points; and […]
January 19, 2008 – 10:28 pm
Submitted By Optiondragon
The Green Bay Packers, New York Giants, New England Patriots, and San Diego Chargers Cheerleaders sure do have something to cheer about. Huh, no Packers or Giants cheerleaders? Oh well, who needs em when you have Farve and Osi!
Well, well. So we have Four left and by the time we know […]
December 4, 2007 – 6:23 pm
Surprise, surprise! Another volatile day. But, the market stayed in the red all day, starting the day with weakness in the financial sector, as analysts downgraded the investment banks. The Dow slid 65.84 points; SPX gave up 9.63 points; Nasdaq went down 17.3 points.
Here’s how the market closed:
INX2 (Internet), BTK (biotechs), and […]
November 6, 2007 – 8:15 pm
That was a really nice day! Besides the slowdown in late morning, the market was able to climb higher and higher! The Dow finished up +117.54 points; SPX added +18.1 points; and, Nasdaq gained an even +30.0 points!
With oil prices keep going up (crude went above $97 today), alternative energy stocks are becoming […]
August 16, 2007 – 7:22 pm
Wow, what a day!! We made money on both sides (short and long)!!
We started off with PCU and X puts, purchased yesterday. Right off the bat, those PCU puts doubled overnight!! We sold them way too early, as both PCU and X continued to drop. But, as the market bounced, […]
By HappyTrading
|
Also posted in Uncategorized, DOW, Nasdaq, RIMM, SPX, PCP, PCU, X, CFC, HPQ, DELL
|
![[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)
