The Stock Markets and Dow Jones are tanking this morning, 12/01/08, as we gapped below 8672 and we are breaking key support of 8500. I am out of everything except a have a small piece of Google ( GOOG ) that I am holding on to. Sold my $10 MELI at $12.02. Will wait to see what that stock does later this week, would love to be able to buy back below $10. This has been the trend over the past few months for the stock market, sell the beginning of the month when all the horrible economic data comes out, buy the middle to the end of the month. We'll have to see how we close today!
Dow Jones - 8460
Nasdaq - 1466
S&P 500 - 853
Today's Biggest Gainers - 12/1/08
Ford ( F ) is up 10% this morning and is one of the few bright spots in the market.
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Showing posts with label meli. Show all posts
Showing posts with label meli. Show all posts
Monday, December 1, 2008
Wednesday, November 26, 2008
Stock Market Open 11/26/08 - Dow Jones
The Stock Market and Dow Jones are shaking off some bad economic data from this morning and going up off their lows. The Dow Jones opened up down about 140 but has now come back to only down 40 at 8440. As I noted in my Dow Jones Chart, we are stuck in a range from 8300 to 8600. The 10 day moving average is right at 8299 so a close below this would not be good. If we can get a close over 8500 and 8600 I think we start a new leg up vs this latest rally selling off. That is how I am playing it! The 10 day moving average held again this morning, but we still have a lot of trading left. I still have my Mercadolibre MELI position with a stop at $10, my Google ( GOOG ) position with a stop at $276, and a new Chesapeake Energy ( CHK ) position with a stop at $18. I might be a little bit early on CHK but I think if we get a close over $19 it could really start rocking. The real fireworks will happen with a close over $25. Citigroup ( C ) is also breaking out today....check out my chart from yesterday.
Check out Today's Art Cashin Comments and Meredith Whitney Comments
Today's Biggest Gainers - November 26th, 2008
General Motors GM is one of the biggest gainers up 20% to $4.28
For more stock market updates, visit, http://daytradingstockblog.blogspot.com/
Check out Today's Art Cashin Comments and Meredith Whitney Comments
Today's Biggest Gainers - November 26th, 2008
General Motors GM is one of the biggest gainers up 20% to $4.28
For more stock market updates, visit, http://daytradingstockblog.blogspot.com/
Monday, October 6, 2008
Stock Market Reversal 10/06/08 - AAPL, MELI, GOOG
This afternoon, the Dow Jones reversed 500 points off its low in about an hour after hitting 9,525.
One of the first stocks to reverse on my watchlist was MercadoLibre ( MELI ) which started reversing well before everything else reversed.
Apple Computer ( AAPL ) showed the most strength for a large cap stock and Google ( GOOG ) was a laggard, still down more then 4% on the day.
Mastercard ( MA ) followed right behind Meli showing major strength.
The Dow Jones is set to close back over 10,000 at 10,015
http://blackberrystocks.com
http://blackberrystocks.com/hotstocks.html
One of the first stocks to reverse on my watchlist was MercadoLibre ( MELI ) which started reversing well before everything else reversed.
Apple Computer ( AAPL ) showed the most strength for a large cap stock and Google ( GOOG ) was a laggard, still down more then 4% on the day.
Mastercard ( MA ) followed right behind Meli showing major strength.
The Dow Jones is set to close back over 10,000 at 10,015
http://blackberrystocks.com
http://blackberrystocks.com/hotstocks.html
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