It was a very volatile day on the market, almost more volatile than on an options expiration day! There were lots of mid-day big swings. For example, X was strong in the morning, trading above $182; it ended at $172.15, down almost $4 for the day (a $10 swing)! The market did […]
Yesterday, we were talking about $130 oil! Well, it just got higher today. We’ve also been looking at USO for the past couple of weekends in my weekly Sector Watch, and, we saw that it showed room to go higher. USO closed today at a new all-time high of $108.31, as crude […]
By HappyTrading
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Also posted in Nasdaq, SPX, USO, LDK, SPWR, FSLR, NOV, TSL, SOLF, CEO, CSIQ
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Market cheered today as the CPI came in benign with a 0.2% rise. The market rallied up to the daily upper BB (see charts below). But, in the last 2 hours of trading, the market came back down and only ended with some modest gains.
The energy sector was weak, as crude softened. […]
Yesterday in my evening post, I said,
“So, what now? Well, the market seemed to have successfully vented after Thursday’s big jump. Tomorrow’s market actions will be very important. If the market finds overall strength, it still has room to extend this rally. VIX bounced off $18 today (as I’ve noted the support for the past […]
By HappyTrading
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Also posted in Nasdaq, SPX, HES, LDK, CSCO, SPWR, FSLR, JASO, TSL, CSIQ, APA, PBR
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The market was extremely choppy today, perhaps unnerved with the anticipation of the Fed minutes and then uncomforted after the Fed minutes had come out. But certain sectors still showed lots of strength: metals and miners, agriculture, and energy.
The Dow was down 35.99 points; SPX fell 7 points; and Nasdaq lost 6.07 […]
By HappyTrading
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Also posted in Uncategorized, POT, Nasdaq, SPX, MOS, SPWR, MA, FSLR, ESLR, CF, SOLF, MON, DVN, UPL, APA, WM, V
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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, RIMM, SPX, LDK, SPWR, ICE, X, FSLR, MON, CLF, YGE
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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 […]
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 […]
December 18, 2007 – 6:06 pm
The day started high, as GS reported solid earnings with $3.17 billion in profits (although GS ended down 3.41%). The market waves were still choppy. It wasn’t until the market tested the next support level did the big buyers come in. In the early afternoon, the market finally turned the corner and […]
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 […]
![[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)
