November 9, 2008 – 3:27 pm
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It was another week of huge swings. Last weekend, in my Market Forecast (Please log in first, if you haven’t; you can sign up for a FREE account if you don’t have one), we looked at the support and resistance levels:
“Next week, we have the […]
November 2, 2008 – 3:14 pm
Sector Watch
UUP (dollar)Last weekend, we were looking at UUP hitting some resistance between $27-$28. On Monday, it got there and preceded to let off some steam. It hit $26 on Thursday and jumped back up on Friday. The chart still looks bullish, especially with UUP closing above the 10-day MA. UUP could retest that $27-$28 resistance […]
October 26, 2008 – 5:25 pm
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Last weekend, in my Market Forecast, I said,For the new week, what we should be looking for is a bullish crossover on the MACDs. The MACDs (the red lines) are now very close to MACD signals (the green lines). If the red lines cross over above the […]
October 19, 2008 – 3:44 pm
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After 3 weeks of precipitous falling, the market finally captured a winning week. For the week, the Dow was up +401.03 points; SPX added +41.33 points; Nasdaq gained +61.78 points. Last weekend, in my Market Forecast, I wrote,“This weekend, around the globe, governments are coming up […]
October 12, 2008 – 5:30 pm
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Last weekend, in my Market Forecast, I said,“There are some talks about Fed cutting interest rates, but, UUP chart is looking pretty strong (see Sector Watch). VIX has room to top 50 this week. Overall, the sentiment on the market is very bearish, and, with a […]
October 5, 2008 – 5:11 pm
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Last week was another brutal week for the markets. The Dow lost 817.75 points; SPX dropped 113.78 points; Nasdaq tumbled 235.95 points! The commodity sectors crashed and the techs continued to be weak. On Monday, House voted down the rescue plan and the Dow lost 777 […]
September 28, 2008 – 3:08 pm
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Last weekend, in my Market Forecast, I said,“For the new week, we’ll need to see this market continue to rally. Any big drops will likely bring back fear and discourage the investors. After a 2-day, sharp rise, we’ll have to see how the market does on Monday. We could see a […]
September 21, 2008 – 9:04 pm
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Last weenkend, I said,
“The biggest news on Sunday evening have been on LEH, MER, and AIG. At the time of this writing, there has not yet been a deal reached for LEH. There are new rumors about BAC possibly in talks to buy MER. Other the […]
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 […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
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