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Monthly Archives: October 2008

Premarket Analysis for 10/31 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted by Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Friday, October 31st WALL STREET JOURNAL: According to the Wall Street Journal’s “Heard on the Street,” analysts are questioning whether CBS (CBS) can maintain its generous dividend with radio and TV ad revenues declining sharply. While chairman Sumner Redstone has dismissed concerns, some analysts believe [...]

Market Managed Another Green Day: SPX, Nasdaq, DO, NOV, RIG, ICE, FSLR, RIMM, GOOG, GS

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After losing its gains in the last 15-minutes of trading yesterday, the market was able to “add” to the gains in the last 15 minutes today.  It was another volatile day, but, the market stayed pretty much green throughout.  The GDP report was not as [...]

Premarket Analysis for 10/30 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted by Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Thursday, October 30th WALL STREET JOURNAL: German securities regulator Bafin is investigating possible market manipulation in Volkswagen’s (VLKAY) recent share price movements, the Wall Street Journal reported. Hedge funds have lost billions betting that the car maker’s shares would fall while Porsche has reaped the [...]

Fed Cuts Rates By Half-A-Point: SPX, Nasdaq, BTU, ACI, MEE, POT, MON, MOS, CNX, SPWRA, ENER

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last night, I commented, “The market could probably carry this upward momentum into the morning.  Then, things will likely get volatile before and after the Fed announcements.”  The marke showed strength through most of the day.  It started to lose steam before the Fed announcements, [...]

Premarket Analysis for 10/29 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Wednesday, October 29th WALL STREET JOURNAL: According to people familiar with the talks, the Wall Street Journal reported that GMAC LLC is looking to become a bank holding company. This move would give the lender, co-owned by General Motors (GM) and Cerberus Capital, access to [...]

Dow Rallies Above 9000! SPX, Nasdaq, JPM, WFC, BAC, PRU, STT, APOL, ESI

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The day after nearly testing 8000, the Dow came back and rallied above 9000, closing at 9065.12!  The market was weak in the morning, but rallied hard in the last hour.  Strength was seen across the board.  Even commodity-related sectors went higher.  Financials lead the [...]

Premarket Analysis for 10/28 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted by Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Tuesday, October 28th WALL STREET JOURNAL: In a move that can ease the way for a discussed merger between General Motors (GM) and Chrysler, the Wall Street Journal reported that the Bush administration is working to release to GM a portion of the loans Congress [...]

The Ominuous Drop Of The 10-day MA! SPX, Nasdaq, FSLR, GOOG, RIMM

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! This weekend, in my Market Forecast, I wrote,“The big thing to watch this week is the 10-day MA (red line) on major indices.  If the 10-day MAs curve down, it could signal further slide in the markets.” What did I mean by that?  Let’s take a [...]

Premarket Analysis for 10/27 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted by optiondragon for myhappytrading.com From briefing.com Periodicals Wrap-Up for Monday, October 27th WALL STREET JOURNAL: According to a person familiar with the matter, the Wall Street Journal reported that Goldman Sachs (GS) approached Citigroup (C) in September about the possibility of merging the firms’ operations. The sources said a “brief call” between Goldman CEO [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said,For the new week, what we should be looking for is a bullish crossover on the MACDs.  The MACDs (the red lines) are now very close to MACD signals (the green lines).  If the red lines cross over above [...]