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Monthly Archives: June 2008

A Quick Technical Look At Mastercard (MA).

Submitted by Luck o the Irish Clearly we can see the Left Shoulder, Head, and Right Shoulder. The approximate length between the $280 to $315 (neckline to head length of $35) run gives us a possible down leg target of $245 which would also coincidentally fill the gap from a previous earnings announcement. We have [...]

Techs Weak; Energy Sector Leads: SPX, Nasdaq, CLF, RTP, DVN, COP, ATW, NOV, DNA

On the last trading day of 2nd quarter, the market displayed little strength. It attempted to bounce all day, but, ended with sharp drops in the tech stocks. On the other hand, the energy sector (XLE) was strong and led the market. Metals and mining (XME) and oil services (OIH), which we talked about in [...]

Premarket Analysis for 6/30- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon Drinking tea with chopsticks in microgravity- NASA, Happytrading testing From Periodicals Wrap-Up for Monday, June 30th WALL STREET JOURNAL: After being downgraded by Moody’s, the Wall Street Journal reported that MBIA Inc (MBI) will have to make $2.9B in termination payments and put up an additional $4.5B in collateral on agreements [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, OIH XME, GLD

Last weekend, I said, “Both indices are now in their bearish phase. SPX is on its daily lower BB and could test 1300 from here. Although Nasdaq was able to hold 2400, it may have some downward momentum on it’s side still. Below 2400, Nasdaq has a stronger support at 2350. VIX tested 23 on [...]

Happy 2 Million!! Week Wrap!

First of all, Happy 2 Million to Wang’s Happy Trading!! We have juch reached over 2 million hits!! Thanks to all of our members and readers!! We will continue to strive to make things even better! We’ve been working hard on some new changes and hope we’ll be able to share them with everyone soon! [...]

Premarket Analysis for 6/27- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon NASA Zero Gravity Water Bubble- Testing for Wang’s Happytrading Metamorphosis: Getting Ready For Liftoff From Periodicals Wrap-Up for Friday, June 27th WALL STREET JOURNAL: The Wall Street Journal reported that is is not yet certain whether Merrill Lynch (MER) will need to raise money. If it does, selling common stock could [...]

Market Slumps 3%! SPX, Nasdaq, RIMM, ORCL, GOOG, BIDU, GS, ATW, XAU, AEM, ABX

Following yesterday’s disappointing news from RIMM and ORCL, the market gapped lower at the open. Oil jumped over $140/barrel and added more pressure on the market. The market accelerated lower into the close, with techs leading the way. RIMM ended down more than 13%. GOOG lost $22.18, or 4.03% while BIDU gave up $17.33, or [...]

Premarket Analysis for 6/26- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon Led Zeppelin – Black Dog (Music Video) From Periodicals Wrap-Up for Thursday, June 26th WALL STREET JOURNAL: Anheuser-Busch (BUD) is going to turn down InBev’s unsolicited $46.35B takeover offer and that may come before week’s end, the Wall Street Journal reported. InBev is then expected to pursue a hostile takeover and [...]

Fed Holds Rates Unchanged, Market Gains: SPX, Nasdaq, BIDU, AAPL, RIMM, ORCL, DRYS, GNK, EXM, ATW

Well, the Fed held the interest rates steady, as expected by most. The techs led the market up. Just before the Fed announcement came out, I said on the member board: HappyTrading Posted June 25, 2008 at 11:06 am | Permalink (Edit) market what I do see is that VIX is near 21; if it [...]

Premarket Analysis for 6/25- Upgrades/Downgrades, Gappers, Actionable Calls

Submitted By Optiondragon Amazing time-lapse video From Periodicals Wrap-Up for Wednesday, June 25th WALL STREET JOURNAL: The stock is up 150% over the last year but with its move into the consumer marker BlackBerry maker Research in Motion (RIMM) is entering the fickle world of consumer trendiness, reported the Wall Street Journal’s “Heard on [...]