December 12, 2007 – 7:07 pm
This morning, the market opened up sharply, almost completely erasing yesterday’s loss, as the Fed announced further plans to deal with credit problems. But, the big gains quickly faded.
Yesterday, I said, “The market now could slide further to test the 20-day MA (the cyan line). On the other hand, this quick drop might give […]
December 11, 2007 – 5:10 pm
Well, the market didn’t get what it wanted from the Fed, who lowered the federal funds rate by only one-quarter percentage. Immediately after the rate announcement, the market dropped sharply and continued the slide all the way to the close. The Dow ended down almost 300 points; SPX stumbled 38.31 points; and Nasdaq […]
December 10, 2007 – 7:21 pm
It was a nice way to start the week. The market showed strength today and kept things in the GR$$N all day. The Dow was up +101.45 points; SPX gained +11.3 points; and Nasdaq added +12.79 points.
Here’s how the market closed:
HGX (housing) jumped another +2.66%, while XLF stayed strong also, adding +2.12%. […]
December 9, 2007 – 7:26 pm
XLF (financials)
We talked about XLF last weekend and are still watching it closely. We were looking at the resistance at $31.5. XLF tested that resistance this past week, but, didn’t close above it. However, the 10-day MA has moved above the 20-day MA and both have turned up. So, again, we’ll […]
December 8, 2007 – 6:54 pm
Last weekend, in my Market Forecast, I said, “So, the market is looking healthier. For the new week, if the market continues to rally above the 30-day MA, we could see the above mentioned resistance range tested. It’ll be very interesting to see how the market positions itself before the next Fed meeting, which is […]
December 7, 2007 – 1:41 pm
A very solid week for the market and a very “happy” week for our members!
JMAC3300
Posted December 7, 2007 at 1:02 pm | Permalink (Edit)
What a great Week - thanks to all of the Happy Traders who shared their knowledge and ideas…this is a great place to trade…Have a GREAT Weekend!!!
angar
Posted December 7, 2007 at […]
December 7, 2007 – 1:29 pm
In yesterday’s post and the Happy Trades!! page, the trades posted for 12/6 were:
POT Dec 120 calls, PYPLD, bought at $12, +30.4%
POT Dec 120 calls, PYPLD, bought at $12.5, +35.9%
CMED Jan 45 calls, QCIAY, bought at $3.5, +12.9%
WFR Jan 70 calls, WFRAN, at $12.2, +31.1%
PTR Jan 200 calls, PTRAW, at $17, +16.4% (all out)
FWLT Jan […]
December 6, 2007 – 7:38 pm
“…I have to thank all for a nice 5 figure [$$,$$$] day. You all rock. Still the HAPPIEST place on the net.”
Lithium Rocketbottle
Posted December 6, 2007 at 1:07 pm | Permalink (Edit)
Another big money day on the market! The Dow was up +174.93 points; SPX added +22.33 points; Nasdaq gained +42.67 points! […]
December 6, 2007 – 1:51 pm
What a “Happy” day!! This morning I was looking for SPX to top 1500 and Nasdaq to go above 2700; both of which materialized. We also made good profits on WFR, looking for $80+! Lots of trading going on: POT, WFR, GOOG, AAPL, FWLT, CMED, MA, GS, and much more… […]
December 5, 2007 – 6:49 pm
Yesterday, in my evening post, I said of SPX, “We’ll need to see some upwards movements soon to start turning the 20-day MA,” and of Nasdaq, “We’ll need to see Nasdaq close above the 20-day MA to feel more bullish.” Well, the market responded with both of those signals today (will discuss more later). […]
By HappyTrading
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Posted in Uncategorized, PTR, FXI, CHNR, EDU, EFUT, CEO, SNP, LFC, CHA, CMED
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