Market Woes Continue, Dow Nears January Lows
A short rally early in the week was quickly repelled as bears continue to hold the reigns and drive the market lower. All three indices finished the session and week today well in the red, trading on heavy distribution volume. Are multi-year lows around the corner?
The worst performing index continues to be the Dow Jones [...]
May 1st Review
$12,133, No trades/positions on the day.
Today was a great day to be a bull. The overall markets were flexing their muscles as the Dow crossed the 13k mark for the first time in a very long time. The dollar is starting to get better, and oil is gradually giving back some of its [...]
April 18th Review
$10,250, No trades/positions today.
A nice relaxing day for me today. Took off all of the possible positions today to make sure that I would not do anything stupid and give back some of the gains from yesterday. The bulls were in control today after the GOOG and C news. The Dow was [...]
April 17th Review
$10,250, Up $1,380 on the day.
Positions traded for a gain: ENOC ($1,400)
Positions traded for a loss: NONE
Open positions: None at the moment.
Easy as 1…2…3! I noted on the blog post yesterday to watch ENOC because the stock was at a pivotal point technically. Today it used the momentum from yesterday to propel [...]
MSFT Pulls Offer for YHOO
Well, Microsoft took back their offer for Yahoo. The main problem with the entire scenario/deal was the Yahoo CEO Jerry Yang was just too stuck up and greedy about his company. He, himself wanted $38 a share while the rest of YHOO wanted $37. I think he just believes in his company a little too [...]