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Monthly Archives: July 2007

Review 7/31/07: SPX, Nasdaq, XLF

Another very volatile day! VIX closed at 23.52, up 12.7%! I think Phil said it well this morning, “It’s shaping up to be another interesting day and we’ll have to be fast on our feet but I STILL urge caution and patience.” The day started with things flying, but, ended at day’s low! It is [...]

Interesting Stocks to Watch: AMAT, CELG, LVS, WYNN

This is a post to demonstrate the kind of individual analyses to be seen only on the “private membership” site! AMAT AMAT broke above the resistance at 21.75 to close at 22.02 today and made a new all-time high of 22.12. This is a bullish move and could send AMAT higher before its earnings on [...]

Review 7/30/07: SPX, Nasdaq, SOX, XLF, XME, SUNW, MOS, POT

I’m going to change the format of my nightly review a little bit, in preparation for the “private” site! I will save most of the specific analyses for individual stocks for the private site, and on the public site, I’ll still go over the market indices and ETFs. Every night, I’ll do a screen capture [...]

Happy 100,000 Wang’s World!!

I am “happy” to announce that Wang’s World “hit count” just topped 100,000!!! This calls for a celebration!! I started blogging on 3/18 on my old site “Happy Trading Blog” and moved here to “Wang’s World” on 4/23 by Phil’s invitation. Since then, it has been a very “happy” ride!! I’ve gotten to know and [...]

Market Forecast for Week of 7/30 (Part II): SPX, Nasdaq

Last weekend, I said, “For the new week, we’ll have to be very cautious. Let’s see how the beginning of the week goes. Monday and Tuesday could be very vital.” Monday was a quiet day, with the OIH’s breaking out to new heights! Tuesday, I did an intraday post, warning people to “be careful” as [...]

Market Forecast for Week of 7/30 (Part I): Sectors to Watch

What a week!! The volatility was way high, jumping from 17 to above 24!! Most sectors were down, but, we managed to make some good money buying puts!! Since the recent down-turn seems to be, at least initially, caused by housing and credit “woes”, let’s start our “sector watch” with the financials, XLF. XLF (financials) [...]

Review 7/27/07: SPX, Nasdaq, Dow

I just like to do a quick review of the actions today. No charts, since I’ll be going over those this weekend, and, we can all start enjoying the weekend! =) Today: SPX closed at 1458.95, -6.2% from recent high Nasdaq closed at 2562.25, -6.0% from recent high Dow closed at 13265.47, -5.4% from recent [...]

Review 7/26/07: SPX, Nasdaq, USO, OIH, XLF, XME, XOM, AAPL, BIDU, FFIV, WFR, POT, CMI

Ok, since I posted that song earlier today, “Free Falling” by Tom Petty, I got it stuck in my head! (Please come to the blogsite to see the music video.) Crazy day!! The Dow was at one point down almost 450 points!! Nasdaq was down more than 80 points!! SPX was down more than 50 [...]

Great Trading Day!!

Even though the market was down HUGE today, it was a great trading day for us. And, we made good money!! It all started with going cash last week, and especially on Tuesday with this post!! With volatile conditions as what we’ve been seeing lately, being in cash position is very powerful. It not only [...]

Free Falling!!

While we awe at the free falling market, and making money on our puts, I thought I’d post up this music video which you can listen to/watch in the background! =) It is always a great feeling when you’re making money on a down day, especially one as big as this!! HappyTrading! ™