November 6, 2008 – 4:50 pm
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More concerns about a global, economic slowdown continued to pressure the markets. In 2 days, the markets gave back a whole week’s gain. Pretty much all sectors were down. The financials and solar stocks were once again among the big losers: CSIQ -22.79%; STP -26.48%; ENER […]
November 5, 2008 – 6:01 pm
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The market could not sustain its winning streak today, and saw selling across the board. Yesterday, I said in my evening post,“SPX and Nasdaq are both testing their 30-day MAs. SPX closed above 1000. These are the initial resistances that we look at this weekend […]
October 28, 2008 – 4:34 pm
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The day after nearly testing 8000, the Dow came back and rallied above 9000, closing at 9065.12! The market was weak in the morning, but rallied hard in the last hour. Strength was seen across the board. Even commodity-related sectors went higher. Financials lead the pack: […]
October 14, 2008 – 5:03 pm
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The market slipped a bit, as expected. Yesterday, I commented, “momentum should carry through tomorrow morning. Then, we might get a violent swing. If the market is strong, it could go back up late tomorrow… The important thing for the market tomorrow is not to fall […]
October 1, 2008 – 4:40 pm
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The market was very volatile today, but, for the most part, range-bound. Investors/traders seemed to be nervous, and yet slightly more optimistic, ahead of the Senate’s voting on the modified economic rescue plan. Financials ended mostly higher: GS +5.08%; BAC +8.94%; JPM +6.27%; C +12.14%. But, […]
By HappyTrading
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Also posted in GS, Nasdaq, JPM, IMCL, SPX, MOS, MA, C, PRU, BAC, BLK, GE
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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, SNDA, EDU, CHL, LFC, CHA, PRU, BAC
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Despite the high CPI, the market rallied today, in a big way! Even though CPI came in higher than expected, the market chose to focus on the good news. Wells Fargo (WFC) reported strong quarterly results and raised its dividend. WFC shares jumped +32.76% and led the whole financial sector on a […]
By HappyTrading
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Also posted in EBAY, GS, GOOG, Nasdaq, RIMM, JPM, SPX, BIDU, SPWR, MA, AMZN, MER
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![[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)
