August 17, 2008 – 9:16 pm
from My Happy Trading.com
The market eked out a small gain with SPX adding only +1.88 points for the week. However, the techs were stronger. Nasdaq gained +38.42 points. The general sentiment on the market was better as the dollar bounced strongly and oil prices fell lower. Commodities continued to be on the weak side. Gold […]
August 10, 2008 – 7:11 pm
from MyHappyTrading.com (by HappyTrading)
Last weekend, I said,“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, was […]
The market was volatile last week and ended flat. The Dow ended the week down 44.37 points; SPX added +2.55 points; Nasdaq gained just +0.43 points. Since the market was swinging from side to side very fast and was range-bound, we did not make too many trades.
However, once again, we ended […]
Last week, the market was able to rally above the daily MAs before seeing a sharp, profit-taking session on Thursday. On Friday, the market was able to poise itself with minor gains and the techs leading.
SPX
SPX added +5.22 points to close at 1257.76. It closed pretty much right at the 20-day […]
The market finished off a nice week and is looking at more earning reports in the coming week. With the financials bouncing solidly, the market showed some good signals of finding the bottom:
SPX
SPX added +0.36 points to close at 1260.68. It closed above its 10-day MA. The 10-day MA flattened. The […]
The market ended another volatile week with the Dow down 188 points, SPX losing 23.41 points, and Nasdaq sliding just 6.3 points. We monitored the market cautiously and faired pretty well, with not too many published trades:
GLD (95)
GLDHK, Aug 89 calls, at $7, +59%
MER ($28.6)
MERSF, July 30 puts, at $2.9, -4.9%
SVNT ($27.37)
UVPGE, July […]
During the short week before the 4th of July, the market took a big loss on Wednesday, and that was enough to keep the market in the red, although the market tried to gain some grounds on Thursday. The Dow finished the week down 57.97 points; SPX lost 15.48 points; Nasdaq tumbled 70.25 points. […]
Last weekend, I said,
“Both indices are now in their bearish phase. SPX is on its daily lower BB and could test 1300 from here. Although Nasdaq was able to hold 2400, it may have some downward momentum on it’s side still. Below 2400, Nasdaq has a stronger support at 2350. VIX tested 23 on Friday, […]
The market’s recent focus has been centered around the financial sector and the oil price. Any news in these two areas have been able to influence the overall market movements. On Monday, LEH reported earnings that matched expectations and helped the financial sector; further, oil went lower. The result? The market […]
The market went through another volatile week last week, ending with a bounce on Friday that allowed the Dow to record a win for the week. Oil actually went lower for the week (although we might not have felt the easing at the gas pump yet), and, news came out this weekend that Saudi […]
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