To the man who brought us closer to technology
Posted On 07 Oct 2011 By Mandy. Under Trading Thoughts.
Today the world morn the passing of a great man, Steve Jobs, the founder of Apple. The man who brought us the iPhone and the iPad and many other great gadgets.
To be writing this article, I am admittedly also an ... Continue Reading
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Talk is cheap
Posted On 10 Aug 2011 By Mandy. Under Trading Thoughts.
Bulls had a great day last night, with the S&P jumping to close +53.07pts after the Fed gave assurance that they will maintain low interest rates. The S&P futures were lower by about 30-40pts in Asian trading, so the jump ... Continue Reading
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FX Intervention
Posted On 04 Aug 2011 By Mandy. Under Trading Thoughts.
This morning the BOJ once again intervene in the FX markets, selling the yen which caused a spike in the USD/JPY rates from 76.96 to an eventual intraday high of 80.23.
This is not the first time, and will not be ... Continue Reading
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The trading journey
Posted On 01 Aug 2011 By Mandy. Under Trading Thoughts.
Many times we lose money trading because we refuse to cut our losses, until it's too late. There are, of course, many reasons why. Maybe we do not want to admit we are wrong, maybe we hold on to a ... Continue Reading
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Stocks end flat amid thin volume
Posted On 06 Jul 2011 By Mandy. Under Overnight reports.
Stocks end flat amid light volume as investors take a breather from the recent surge.
DJIA -12.90pts (0.10%) at 12569.87
S&P -1.79pts (0.13%) at 1337.88Nasdaq+9.74pts (0.35%) at 2825.77
... Continue Reading
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Best week in 2 years!
Posted On 04 Jul 2011 By Mandy. Under Overnight reports.
Stocks started July on a high note, ending the week with their best performance in 2 years astrong economic data eased worries about growth. However, volume remained low, which was worrying. Markets are closed tonight for US Independence Day.
DJIA +168.43pts ... Continue Reading
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Positive data pushed stocks to 4th day of gains
Posted On 01 Jul 2011 By Mandy. Under Overnight reports.
Stocks rallied for a fourth session on the back of positive economic data and relief from a temporary resolution of Greece's debt crisis.
DJIA +152.92pts (1.25%) at 12414.34
S&P +13.23pts (1.01%) at 1320.64
Nasdaq +33.03pts (1.21%) at 2773.52 ... Continue Reading
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Stocks extand gains on Greece vote
Posted On 30 Jun 2011 By Mandy. Under Overnight reports.
Stocks gained for a third session after the Greek parliament approved austerity measures to avoid a sovereign default.
DJIA +72.73pts (0.60%) at 12261.42
S&P +10.74pts (0.83%) at 1307.41
Nasdaq +11.18pts (0.41%) at 2740.49 ... Continue Reading
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Stocks rose for 2nd day on Greece
Posted On 29 Jun 2011 By Mandy. Under Overnight reports.
Stocks rose for a 2nd day on continued optimism that the Greece debt crisis will be resolved soon.
DJIA +145.13pts (1.21%) at 12188.69
S&P +16.57pts (1.29%) at 1296.67
Nasdaq +41.03pts (1.53%) at 2729.31 ... Continue Reading
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Stocks rose on Greece optimism
Posted On 28 Jun 2011 By Mandy. Under Overnight reports.
Stocks snapped a 3-day losing streak on optimism over Greece's austerity plan as investors picked up beaten down stocks.
DJIA +108.98pts (0.91%) at 12043.56
S&P +11.65pts (0.92%) at 1280.10
Nasdaq +35.39pts (1.33%) at 2688.28 ... Continue Reading
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Stocks fell once again on Friday
Posted On 27 Jun 2011 By Mandy. Under Overnight reports.
Stocks fell for a third session on Friday as Eurozone worries continued to put pressure on the markets. Some Italian bank shares were suspended briefly after falling sharply on concerns over their capital.
DJIA -115.42pts (0.96%) at 11934.58
S&P -15.05pts (1.17%) at 1268.45
Nasdaq ... Continue Reading
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Stocks recover from sharp early losses
Posted On 24 Jun 2011 By Mandy. Under Overnight reports.
Stocks were down sharply in early trading but managed to pull back in the last hour of trading after Greece agreed to a 5-yr austerity plan.
DJIA -59.67pts (0.49%) at 12050.00
S&P -3.64pts (0.28%) at 1283.50
Nasdaq +17.56pts (0.66%) at 2686.75 ... Continue Reading
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Stocks slip after 4 days of gains
Posted On 23 Jun 2011 By Mandy. Under Overnight reports.
Stocks snapped their 4 day rally in disappointment as the Fed cut their forecast for the economy and failed to hint of further plans to boost growth.
DJIA -80.34pts (0.66%) at 12109.67
S&P -8.38pts (0.65%) at 1287.14
Nasdaq -18.07pts (0.67%) at 2669.19 ... Continue Reading
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Stocks extend gains for 4th day
Posted On 22 Jun 2011 By Mandy. Under Overnight reports.
Stocks continued gains on growing confidence that Greek will be able to avoid a debt default.
DJIA +109.63pts (0.91%) at 12190.01
S&P +17.16pts (1.34%) at 1295.52
Nasdaq +57.60pts (2.19%) at 2687.26 ... Continue Reading
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Stocks rose on Greek resolution hopes
Posted On 20 Jun 2011 By Mandy. Under Overnight reports.
Stocks rose, led by hopes of a resolution to the Greek debt crisis after France and Germany outlined an aid agreement.
DJIA +42.84pts (0.36%) at 12004.36
S&P +3.86pts (0.30%) at 1271.50
Nasdaq -7.22pts (0.28%) at 2616.48 ... Continue Reading
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Stocks gain in volatile session
Posted On 17 Jun 2011 By Mandy. Under Overnight reports.
Stocks rose after a volatile session ahead of the expiration of futures and options contracts tomorrow, with Greek worries and poor economic data keeping a lid on gains.
DJIA +64.25pts (0.54%) at 11961.52
S&P +2.22pts (0.18%) at 1267.64
Nasdaq -7.76pts (0.29%) at 2623.70 ... Continue Reading
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Stocks plunge on Greek fears
Posted On 16 Jun 2011 By Mandy. Under Overnight reports.
Stocks plunged, continuing their downward trend on renewed Greek worries after Moody's said they will cut French banks' ratings due to exposure to Greek debt.
DJIA -178.84pts (1.48%) at 11897.27
S&P -22.45pts (1.74%) at 1265.42
Nasdaq -47.26pts (1.76%) at 2631.46 ... Continue Reading
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Stocks rebound from oversold levels
Posted On 15 Jun 2011 By Mandy. Under Overnight reports.
Stocks rebound from 6-week lows after retail sales data dropped less than expected. Stocks had their best performance in 2-mths as investors picked up bargains.
DJIA +123.14pts (1.03%) at 12076.11
S&P +16.04pts (1.26%) at 1287.87
Nasdaq +39.03pts (1.48%) at 2678.72 ... Continue Reading
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Stocks end flat
Posted On 14 Jun 2011 By Mandy. Under Overnight reports.
Stocks took a breather from recent selling to end flat as investors feel unsure about the market's direction to make new bets.
DJIA +1.06pts (0.01%) at 11952.97
S&P +0.85pts (0.07%) at 1271.83
Nasdaq -4.04pts (0.15%) at 2639.69 ... Continue Reading
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Stocks down for 6th straight week
Posted On 13 Jun 2011 By Mandy. Under Overnight reports.
Stocks fell sharply on Friday to end lower for the 6th straight week as investors worry about more losses as the economy slows.
DJIA -172.45pts (1.42%) at 11951.91
S&P -18.02pts (1.40%) at 1270.98
Nasdaq -41.14pts (1.53%) at 2643.73 ... Continue Reading
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