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Monthly Archives: November 2008

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

Posted By Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Tuesday, November 11th WALL STREET JOURNAL: The Federal Reserve will delay its rescue plan for money-market funds until later this month, the Wall Street Journal reported. The WSJ said the delay appears to be caused by the Fed’s preoccupation with other bailouts and disputes over [...]

Financials Weak; Broader Market Wavers: SPX, Nasdaq, GS, PRU, BAC, JPM, ABX, AEM PAAS

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was very volatile today.  It opened higher, but, quickly faded into the red.  Then, it was ranged-bound with violent swings.  Financials were on the weak side: GS -8.45% (GS went below $70 today); PRU -11.11%; BAC -4.93%; JPM -3.55%.  Commodity-related sectors were stronger.  [...]

Premarket Analysis for 11/10 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Monday, November 10th WALL STREET JOURNAL: According to people familiar with the matter, the Wall Street Journal reported that the U.S. government has reached a deal to replace its original $123B bailout of American International (AIG) with a new $150B package…FINANCIAL TIMES: The Financial Times [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! It was another week of huge swings.  Last weekend, in my Market Forecast (Please log in first, if you haven’t; you can sign up for a FREE account if you don’t have one), we looked at the support and resistance levels: “Next week, we have [...]

Premarket Analysis for 11/7 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Friday, November 7th WALL STREET JOURNAL: The Wall Street Journal reported that a growing number of analysts believe that because of its exposure to the deteriorating equities market, Goldman Sachs (GS) may post a loss for its fourth quarter. A spokesman for the company did [...]

Market Gives Up Gains In 2 Days: SPX, Nasdaq, CSIQ, STP, ENER, LDK, GS, V, MA, PRU, WFC

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! More concerns about a global, economic slowdown continued to pressure the markets.  In 2 days, the markets gave back a whole week’s gain.  Pretty much all sectors were down.  The financials and solar stocks were once again among the big losers: CSIQ -22.79%; STP -26.48%; ENER [...]

Premarket Analysis for 11/6 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted by optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Thursday, November 6th WALL STREET JOURNAL: With the Democrats soon to be fully in control of the federal government, health insurers foresee policy changes adding to their business, the Wall Street Journal reported. Included are expected to be more federal programs to cover low income [...]

Market Slumps After The Election: SPX, Nasdaq, FSLR, SPWRA, TSL, STP, CSIQ, ABK, BAC, JPM, WFC, CSCO

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market could not sustain its winning streak today, and saw selling across the board.  Yesterday, I said in my evening post,“SPX and Nasdaq are both testing their 30-day MAs.  SPX closed above 1000.  These are the initial resistances that we look at this weekend [...]

Premarket Analysis for 11/5 – Upgrades/Downgrades, Gappers, Actionable Calls

Posted By Optiondragon for myhappytrading.com From Briefing.com Periodicals Wrap-Up for Wednesday, November 5th WALL STREET JOURNAL: According to the Wall Street Journal’s “Heard on the Street,” Yahoo’s (YHOO) new plan to outsource just 25% of its search-advertising revenue to Google (GOOG) for two years will not give it the huge sales boost it needs and [...]

Market Rallies On Election Day! SPX, Nasdaq, AEM, ABX, DO, NOV, RIG, FWLT, FLR

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After a day of resting, the market continued to rally on the election day!  Most sectors were higher.  Biotechs were weak.  Gold miners and oil services led the rally:  AEM +19.74%; ABX +14.24%; DO +7.77%; NOV +10.8%; RIG +8.44%; FWLT +19.02%; FLR +13.76%.  FWLT is reporting [...]