Wang’s Happy Trading

Now, that, was what I call a “happy” day!! Our happy members are doing quite well this week (maybe that’s an “understatement”? LOL!!). On Monday, we had a “happy” day, even though the market wasn’t in a good mood. On Tuesday, the market was “happy” and so were we. Today, well, today was an extraordinarily “happy” day:
stkopt
Posted November 28, 2007 at 10:50 am | Permalink (Edit)
Just wanted to thank every one on this site. My IRA acct had a BAGGER today. not on a single stock, but on the total portfolio dollars.

Yes I doubled my portfolio in 4 months. Thanks all.

JMAC3300
Posted November 28, 2007 at 12:58 pm | Permalink (Edit)
Thanks so much we made 20% on our account today!!! What a Happy Day!

and much more… We took profits early in the morning. Then, we gradually added new positions and took profits all day!
Please click here to see more actions, ideas, and trades from today’s members board.

Today was certainly a “big money” day!! There are so many great ideas flowing on the member site everyday. I’m so “happy” today, I’m going to give a 15% discount to our membership, just for the week! If you’ve been reading my blog, and are still trying to decide when the best time is to join the membership, what are you waiting for?

The 15% discount coupon code is: D43C2ABC and it is valid until this Sunday evening! Hope to “see” you soon on the member site!

Here’s how the market closed. The Dow added +331.01 points; SPX gained +40.79 points; and Nasdaq jumped +82.11 points:

INX2 (Internet), SOX (semiconductors), and SWH (software) were strong today, gaining +3.08%, +2.35%, and +2.66%, respectively. XLF (financials) jumped almost +6%! Very good! Even HGX (housing) added +4.87%. FXI (Chinese ADRs) also went up by nearly +6%!

SPX

SPX added +40.79 points to close at 1469.02. It jumped above both the 10-day and 20-day MA! This is what I’ve been looking for since 2 weekends ago! Now, that the market is above the 20-day MA, we’ll have to see how it handles it. Good thing to note is that the daily bottom BB is already curving up!

Nasdaq

Nasdaq flew up a whopping +3.18%, or +82.11 points, to close at 2662.91. It is above its 10-day MA and just under its 20-day MA. Its 10-day MA is flattening and the MACD has turned up!

We took a lot of profits today and are holding lots of cash! If the market continues to go up, there will be new opportunities for longer-term plays. But, because of the recent volatility, I think it’s good to be cautious and see how the market handles such a huge jump.

After the market, SIGM’s shares jumped more than +12% in AH trading, on top of the +6% gain during the day! Its earnings easily beat the estimates! TIVO also reported good earnings and saw its shares gain +5.69% in AH. ATW’s shares added more than +2% in AH, as it delivered a solid quarter. XME added more than +5% today. If the market establishes a bottom and continues to rise, metals and mining may be interesting to watch.

Good night and HappyTrading! ™