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 […]
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 […]
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. […]
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 started out weak, with FDX delivering disappointing earnings and forward guidance. After the oil inventories came out, crude oil price started to rise and added more pressure on the market. The financials continued to be weak, although GS was able to add +1.86%.
The metals and mining sector was hot, led by […]
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 […]
The market ended on a down note last week, as oil spiked up above $139/barrel. On Friday, the Dow was down 394.64 points; SPX lost 43.47 points; and Nasdaq tumbled 75.38 points. Just the day before, on Thursday, the Dow was up +213.97 points, with SPX adding +26.85 points and Nasdaq gaining +46.80 […]
last week, the market had a pretty good week. Oil came down and the money rolled into techs. QQQQ is already back to where it was 2 weeks ago. The market was pretty steady on Friday, with the Dow down 7.9 points, SPX adding +2.21, and Nasdaq gaining +14.34 points.
SPX
SPX added +2.12 […]
So, the market broke higher last week and caught the daily upper BB (see charts). Nasdaq closed above 2500 and SPX closed just above 1425. VIX kept on sliding and has been riding its daily lower BB lower.
SPX
SPX added +1.78 points to close at 1425.35. It has started to ride its daily […]
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