Carlos Molina :: Swing Trading :: Trading stocks to make money in the market.

February 24th, 2010

Markets in love with Bernanke words, Up 90+ points

Finally after a 2-day of loses in the markets, they welcomed the words from Mr. Bernanke. Dow Jones up +91.60, S&P 500 up +10.64, and Nasdaq also gaining +22.46 points.
Most of the Financials were up for the day, with JPM, BAC, and Goldman Sachs leading the sector higher, the sector was up 1.7% today.
Read more at MarketWatch

Posted in Featured
By Carlos Molina

February 19th, 2010

Dow gained 3%+ for the week

The Dow Jones Industrial Average gained about 10 points, or 0.1 percent, closing above 10,400. After a four-day winning streak, the Dow gained about 3 percent for the week. . S&P 500 closed above the 50-Moving Average.
The dollar was up most of the day against the EURO and YEN, but it rolled over into the close and finished at a session low with a 0.5% loss against a basket of foreign currencies. The Consumer Price Index (CPI) for January made a 0.2% monthly gain, which was slightly below the 0.3% increase that had been widely expected. Excluding food and energy, consumer prices for January actually slipped 0.1% month-over-month, instead of the 0.1% monthly increase that economists had forecast. We had the Oil closing above the $79.00 mark a barrel.

Posted in Featured
By Carlos Molina

February 17th, 2010

Markets up for 2nd Day – testing levels

The market finished higher today for the 2nd day, finishing at 10,309.24 Up 40.43, the S&P higher by 4.64 points at 1,099.51, getting closer to the technical level of 1,105.

Posted in Featured
By Carlos Molina

February 10th, 2010

Markets end lower barely at the 10,000 level

Another day in the markets, another roller coaster. Early in the morning we were down as much as 80+ points, with the easing of the dollar during the afternoon we turn positive, and then as it has been for the year the sellers took charge into the close.

The S&P finished at 1,068 down -2.39 and Dow Jones at 10,038 down 20.26 points.

Posted in Featured
By Carlos Molina

February 8th, 2010

Today in the Markets

Another down day in the markets. S&P 500 off by 9.45 points, and Dow Jones down by 103.84 respectively. As of today the S&P is down 5.2% for the year, and the Dow Jones down by over 5%.
The day started it off down by as much as 70 points, but later in the day we saw a small reversal in the markets and we even went above the 10,000 level for a little while, but with a market without any direction, the bears took over and in the last hour we saw a strong selloff that sent us to close under the 9,000.

Posted in Featured
By Carlos Molina