Monthly Archives: August 2009

The equity market gapped open lower today and the Dow dropped about 110 points before recovering somewhat, to close down 48 points (.50%).  The Nasdaq did worse, down almost 20 points (.97%). News out this morning that China’s economy is … Continue reading →

After 8 consecutive up days for the Dow, some profit taking took place today.  The U.S. Dollar also sold off yesterday (although it was up slightly today), which ties in with today’s potential rare setup.  The hottest ETF hands today … Continue reading →

Flip-flops in the market today, with the major equity indexes taking a respectable dip this morning and then recovering after lunch, to close up another day.  Oil was up after a few down days (UCO) but overall, trading volume continues … Continue reading →

A quiet day today with the indexes meandering about, ending the day up or down just a few points.  An exception was the Transportation Index, which lost 1.29% today.  There was positive news (again) from the housing sector – new … Continue reading →

The market jumped higher on the open on strong housing news and Fed Chief Bernanke’s reappointment.  Oil pulled back sharply, by over $2/barrel. As might be expected, the oil pullback meant that inverse energy and oil ETFs were the stars … Continue reading →

I’m having internet connection problems and I’m not able to access any of my data sites.  I’ll try again tonight. Sorry!

The market continued to follow through to the upside to end the week on a strong note – up today 156 points and up almost 185 points for the week.  Home sales jumped to their highest levels in two years … Continue reading →

The market continued its advance for the third straight day, up 70 points and recouping all of Monday’s loss and moving into the black for the week.  The financial sector continued to gain strength, with AIG announcing they intend on … Continue reading →

After a sharp gap open lower this morning the markets almost immediately reversed to the upside, closing the gap and posting a gain for the day, with the Dow up 61 points.  Energy shares were up nicely after the Energy … Continue reading →

The market retraced about half of yesterday’s drop.  There was good news from retailers, with Home Depot beating estimates.  Housing starts were also up for the fifth straight month.  The volume was light today (not unexpected, given the time of … Continue reading →