Wang’s Happy Trading

XLF (financial sector)

It’ll be very important to watch the financial sector now, as much of the recent bad news is coming out of this sector. XLF held up really well on Friday, losing only 0.76%! It also closed above the support at $30. We’ll have to see it above $31.5 to establish a bottom.

HGX (housing)

HGX closed green on Friday! If it can manage to close above 150 next week, we may finally have a bottom.

PBW (clean energy)

This sector was strong last week, especially with all the solar stocks flying! It is probably one of the stronger sectors out there right now. With oil still going up, lots of attention is shifted to the alternative (clean) energy sector. Here are the top holdings of PBW. FSLR and SPWR, as much as they have gone up last week, could still be interesting if the market bounces. WFR is a solid stock in this sector. AMAT may be finally getting the attention that it deserves for investing in solar energy. Its shares jumped almost +4.5% on Friday.

GLD/GDX/XME (gold/gold miners/metals and mining)



With GLD showing still room for more upwards movements, and the potential merger deals going on in the metals and mining sectors (BHP/RTP/ATI), the stocks in these sectors could be very interesting to watch.

USO/UNG (oil/natural gas)


USO has been going up strong and it doesn’t look like it’s done. UNG took a breather last week. But, it looks like it can start going up again. It’ll need to break the resistance at $44.

If the market bounces, it’ll also be interesting to watch some of the more popular tech names. GOOD and BIDU have come down a lot from their recent highs, in a matter of days. RIMM and AAPL are also among the favorites when the market is strong!

Good night and HappyTrading! ™