CHESSNOID

The price of crude oil has almost fallen by 50% from its high of $147 a barrel.  At that same time of its skyrocketing price, the cost of gasoline was almost  $5 a gallon in California.  Less than 2 years ago, I remember the price at the pump was only $2.50.  Why isn’t the price [...]

These are crazy times for the market. Over 11% made in one day on all 3 indexes that I watch. Right now the stock futures for tomorrow are pointing up towards the open.

Dow
+144.00
+1.51%
9,652.00

NASDAQ
+20.00
+1.37%
1,478.50

S&P
+19.00
+1.87%
1,035.70

I know I am a party pooper, but with such a big gain there will naturally be some major profit taking tomorrow. I [...]

I wasn’t sure if my prediction would come true because the DOW was just hanging out at the +500 point range throughout most of the day.  In the last hours, the buyers stormed the markets and they went on a buying frenzy.  These are the market closing figures:

Dow

9,387.61
+936.42
(11.08%)

Nasdaq

1,844.25
+194.74
(11.81%)

S&P 500

1,003.35
+104.13
(11.58%)

If you read my previous posts, then you [...]

It wasn’t that long ago we were actually ready to break and close below the 8,000 mark in the DOW. Now we have just surpassed the 9,000 floor. If the index can close above this point, then more buyers may come in tomorrow and give this rally another day to live. The markets seem to [...]