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 […]
As mentioned in my Weekly Wrap, the market ended down last week, with some commodity sectors acting strong. The Dow ended the week down 312.32 points; SPX lost 25.62 points; Nasdaq slid 31.47 points. The techs held up pretty well, but, the financials were weak.
Let’s take a look at where the market stands:
SPX
SPX […]
First week back from my vacation and the market made solid gains. The Dow was up +166.34 points; SPX gained +16.06 points; and Nasdaq added +54.06 points. I’ll just do a quick wrap with the trades made this week and go right into my Market Forecast.
We got 100% GR$$N on the closed trades:
RIMM […]
The market had a great week last week, with the Dow gaining +393.02 points. Metals, agriculture, and solar stocks were particularly strong. Let’s take a look to see where the market stands.
SPX
On Friday, SPX added +1.09 points to close at 1370.4. Its daily MAs and MACD continued to rise. […]
The market tried to rally early last week, but, was again held back by the financials. The 3 days of continuous slide in the financials sector brought the market’s rally to a halt, although we did see strength in pockets of different areas.
SPX
SPX fell 10.54 points to close at 1315.22. It closed at […]
Gold (and other precious metals), oil, and natural gas prices spiked up again! Gold is above $970/ounce and crude is above $102/barrel, while the rest of the market staggered. Yesterday, I mentioned that I didn’t like seeing VIX above $22. Sure enough, the broader market faltered today.
The Dow closed down 112.10 points; […]
It’s Oscar Night!! Congrats to all the winners! Of course, being a person who has done visual effects and animated films, I paid special attention to those categories. I haven’t gotten a chance to see “The Golden Compass”, the winner of Best Visual Effects, yet; but, I did get to see “Ratatouille”. […]
Although the market did not show much conviction in a direction last week, it did finish with modest gains. The afternoon rally, on Friday, left the market in a good position to continue to recover from the bottom.
SPX
SPX added +1.13 points on Friday to close at 1349.99. It closed above the 10-day and […]
After a slow start, the market finally showed signs of life after lunch. The market re-tested the recent lows last week, but, hasn’t really made a convincing move up to confirm the double-bottom yet. Today, it made a good effort to stay alive.
The Dow closed up +57.88 points; SPX added +7.84 points; 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)
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