Wang’s Happy Trading

It was another volatile day! We started off high, then the market went down, as the consumer confidence data came out. But, the market showed some strength today and rallied back up. Although it took another dip after lunch, it eventually jumped back up to close at the day’s high. The Dow was up +215 points; SPX gained +21 points; and Nasdaq added almost +40 points.

We had another fun day today, trading GRMN, BIDU, AMZN, AAPL, among others:
HappyTrading
Posted November 27, 2007 at 6:35 am | Permalink (Edit)
Good morning!

GRMN
GQRLC, bought back in at $8.7

HappyTrading
Posted November 27, 2007 at 8:01 am | Permalink (Edit)
AMZN
looks good; I’m thinking online shopping vs. traditional shopping!

HappyTrading
Posted November 27, 2007 at 8:04 am | Permalink (Edit)
DECK
up $10+!

HappyTrading
Posted November 27, 2007 at 8:30 am | Permalink (Edit)
BIDU
can top $340 again today and go for $350s!

craig
Posted November 27, 2007 at 12:12 pm | Permalink (Edit)
AMZN moving

JMAC3300
Posted November 27, 2007 at 12:13 pm | Permalink (Edit)
GOOG going green

sgraham
Posted November 27, 2007 at 12:48 pm | Permalink (Edit)
GRMN now 104!!

wiiboxer
Posted November 27, 2007 at 12:56 pm | Permalink (Edit)
Gratitude for green Apples!

fifi
Posted November 27, 2007 at 1:24 pm | Permalink (Edit)
Thank you all for your intuitive blogs. You have helped me get back some of the money I lost before joining this community. Much grateful.

wpt3
Posted November 27, 2007 at 2:05 pm | Permalink (Edit)
Thanks for live chat link Happy, my company blocks whatever it is you have linked there, but I’m sure i can check it out when i get home and look over the conversation.

Lots of things happening on the member site. We’re really building a great trading community where people make really nice comment posts with lots of information. Now, we just added a “live chat”, in addition to the daily member comment board. Thank you, “Happy” members!

Let’s take a look at how the market closed:

INX2 (Internet), SOX (semiconductors), and BTK (biotechs) were strong, with BTK charging up to close above 800! Commodities and related sectors were weak, as GLD (gold) and GDX (gold miners) close in the red, and XME (metals and mining) barely made it in the green. USO (oil) and OIH (oil services) were also down. XLF (financials) added +1.8%. FXI (Chinese ADRs) gained over +5%!

SPX

SPX added +21 points to close at 1428.23, above the 1410 support. This is a good start. We’ll need to see it above the 10-day MA to establish a bottom.

Nasdaq

Nasdaq gained almost +40 points to close at 2580.80. It jumped back above the 2550 support level. Its 10-day MA is starting to flatten, a good sign. We’ll need to see Nasdaq above the 10-day MA to start turning it up.