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Market Stalls As Auto Industry Pleads For Bailout: SPX, Nasdaq, XOM, APA, HES, OXY, HPQ, IBM, RIMM

Tags: IBM, RIMM, XOM, HES, HPQ, APA, OXY
18 Nov 11:45pm
Posted by wangshappytrading
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from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market traded all over the place today.  It was slightly up in the morning, then, sank into the red.  In the last hour of trading, the market was able to come up to close in the green.  Much of the attention was on the hearings regarding the proposed $25 billion bailout plan for the auto industry.  The energy stocks saw some strength today:  XOM +4.02%; APA +1.79%; HES +1.64%; OXY +3.45%...
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Premarket Analysis for 11/18 - Upgrades/Downgrades, Gappers, Actionable Calls

Tags: Uncategorized
18 Nov 2:29pm
Posted by wangshappytrading
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Posted by Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Tuesday, November 18th WALL STREET JOURNAL: Insurers bludgeoned by losses in their investment portfolios are maneuvering to remake themselves as savings and loan holding companies thereby qualifying for bailout loans from the government’s TARP program, the Wall Street Journal reported. Some deals in the works include Lincoln National Corp.’s (LNC) agreeing to buy a small savings-and-loan in Goo...
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Market Slides Again: SPX, Nasdaq, BIDU, UTHR, ISRG, PRU

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18 Nov 1:07am
Posted by wangshappytrading
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from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market continued to fall lower, although there were intraday attempts to bounce.  SPX and Nasdaq are visiting the support levels again (SPX 850; Nasdaq 1500).  The market actions today were discussed in my Market Forecast post from the weekend.  We’ll look at the charts tomorrow for new developments.  The main thing to watch is how the market handles the support levels. Most se...
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Premarket Analysis for 11/17 - Upgrades/Downgrades, Gappers, Actionable Calls

Tags: Uncategorized
17 Nov 2:25pm
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Posted By Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Monday, November 17th WALL STREET JOURNAL: The Wall Street Journal reported that the seven top executives at Goldman Sachs (GS), including CEO Lloyd Blankfein, decided to forgo their 2008 bonuses. The executives will only be eligible for their $600K base salaries…FINANCIAL TIMES: After suffering a $25.3B quarterly loss on credit related writedowns, Freddie Mac (FRE) asked the U.S. government for a $...
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Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, SOXX, SKF

Tags: Nasdaq, SOXX, SPX, GLD, USO, SKF
17 Nov 2:44am
Posted by wangshappytrading
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from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I wrote: “For the new week, the danger of retesting the lows (SPX 850; Nasdaq 1500) is still there.  How the market opens the week will be very important.  If the market goes back up above the 20-day MA early in the week, it may just have enough momentum to push above the 30-day MA.  It will likely need to do this with 1 or 2 consecutive strong days....
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