Wang’s Happy Trading

Oil prices rebounded today as US gasoline inventory dropped.  This also led to an sharp bounce in most of the commodity-related sectors.  Agriculture stocks were especially strong: POT +6.59%; CF +9.82%; MOS +10.35%; MON +5.2%.  Metals and mining stocks also jumped: X +6.21%; BTU +8.32%; MEE +7.75%; CNX +7.73%.  Energy-related plays drew buyers as well: RIG +4.76%; DVN +5.64%; HES +5.92%; FSLR +3.83%; and ENER +3.08%.

One of our members, Bagger Vance, made some really good trades on POT and MOS, for overnight gains of +245% and +159%, respectively:
10:21 | Bagger Vance MOS ($7.00) Sold to Close MOSHT Aug 100 calls, at $7.00 +159%
10:19 | Bagger Vance POT ($10.00) Sold to Close PYPHN Aug 170 calls, at $10.00 +245%

More and more members are starting to share their trade ideas and you can see them on the “Happy Trades” panel (on your member dashboard), under the “All” tab, if the trades were publicly published.  Please vote for the trades that you like by clicking on the “Thumb-Up” icon.  The more trades/articles you publish, the more likely you’ll receive votes.  By receiving votes, you’ll be able to increase your member level and starting making money on the trades/articles that you publish!  You can also see the trades on the “Happy Trades Live” panel.

Although the Dow was on the weak side, down 109.51 points, SPX and Nasdaq held up well, losing only 3.76 and 1.99 points respectively:

Commodity-related sectors were all strong!  GLD (gold) finally had a green day, adding +1.29%.  GDX (gold miners) jumped +6.16%.  USO (oil) gained +2.47% while OIH (oil services) rose +4.15%.  XME (metals and mining) bounced +6.15%.  XLE (energy) was up +3.54%.  DBA (agricultural commodities) hopped +5.690%.  PBW (clean energy) garnered +2.83%.  FXI (Chinese ADRs) lost 1.06%.

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