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Monthly Archives: November 2008

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Hope you’ve all had a wonderful and fullfilling Thanksgiving dinner with your friends and family!  The market finished November with a strong bounce, although it still recorded a loss for the month.  During the last week of November, the market was able to make continuous gains.  For the [...]

What Profit-Taking? Market Jumps Again! SPX, Nasdaq, CNX, MEE, CLF, ACI, BTU, APOL, ESI, DV, EDU, BIDU

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market opened lower this morning, with some more profit-taking.  But, it seemed like the market was not quite done with this rally.  It continued to rise all day from the low open to close at the day high.  Most sectors were higher.  Coal stocks [...]

Market Squeezes Out A Gain; Techs Still Weak: SPX, Nasdaq, GS, MA, JPM, PRU, PNC, GOOG, BIDU, SKF

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was volatile today.  It opened flat and sank lower; then, it rallied back up to squeeze out a small gain before the close.  Financials managed another strong day:  GS +6.47%; MA +5.77%; JPM +7.94%; PRU +5.49%; PNC +7.46%.  Techs were still on the [...]

Will The Follow-Up Stick This Time? SPX, Nasdaq, Citigroup (C), GS, WFC, BAC, JPM, PRU, STI

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Stocks jumped out the gate this morning, as investors appeared to feel a little more relieved on the Citigroup (C) bailout.  C‘s shares jumped +57.82%!  Financial stocks led the rally today: GS +26.47%; WFC +19.58%; BAC +27.2%; JPM +21.39%; PRU +16.26%; STI +26.1%.  Oil closed at $54/barrel and gold traded [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, I wrote: “For the new week, we are again at the options expiration week.  Volatility will likely be a given.  The daily MAs are heading lower again, with a new bearish formation developing.  If the market goes below the recent lows again (SPX [...]

Premarket Analysis for 11/21 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By Optiondragon for myhappytrading.com From Breifing.com Periodicals Wrap-Up for Friday, November 21st WALL STREET JOURNAL: The Wall Street Journal reported that as Citigroup’s (C) stock price continues to decline top executive at the bank are at an early stage of considering selling off its parts or selling the company outright. Its board will meet [...]

Profittable Put Plays In Another Big Down Day: SPX, Nasdaq, SKF, SRS, EEV, DUG, FXP, DELL

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market started lower at the open, then, attempted to bounce, only to end with a big drop at the close!  Yesterday, at the end of the market, I wrote in the Trading Room,HappyTrading November 19, 2008 1:12 PMOIHs on the edge of a new cliff. This [...]

Premarket Analysis for 11/20 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Thursday, November 20th WALL STREET JOURNAL: General Growth Properties (GGP), weighed down by $27B of debt, hired law firm Sidley Austin to be its bankruptcy counsel,the Wall Street Journal reported. While a Chapter 11 filing is not imminent the move is seen as defensive…BARRON’S: Barron’s [...]

Market Tumbles Through Support: SPX, Nasdaq, DUG, SRS, EEV, SKF, FXP

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market had a weak day that just kept on sliding lower and lower.  This morning in our Trading Room, a member asked:lsxxxxx November 19, 2008 8:31 AMHey guys, it seems as though the last 2 times we were here at these levels, a buyer [...]

Approaching The Lows of 2002

Markets headed straight down the tubes today and closed at new multiyear lows.  Clearly this is not close to ending, the sellers have more to go.  Next up is the 7400 level on the Dow and 780 on SPX, but there may be more downside.  This is a vicious bear market and won’t end anytime [...]