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Monthly Archives: January 2009

More Economic Woes Pressure The Market: SPX, Nasdaq, JPM, MS, PNC, WFC, AMZN, SPWRA

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market opened down today and sank lower as the day went.  Jobless claims and durable orders were the latest economic data that further pressured the market.  Financials led the downward slide again:  JPM -8.06%; MS -11.37%; PNC -8.36%; WFC -11.37%.  This market is so [...]

Trading Good Earnings, “After” The Reports: GOOG, IBM, AAPL, SPX

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Many investors/traders love to trade earnings.  They are looking for that edge, getting in on the trade before the earnings report comes out to catch a big jump.  In this economy and tremendously volatile market environment, trading earnings is not as easy to do.  A [...]

Market Hangs On To Gains: SPX, Nasdaq, X, NUE, STLD, AXP, RIMM, YHOO, NSC

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market showed modest strength today bouyed up by commoditiy-related sectors as steel companies reported strong earnings.  X, NUE, STLD all reported better-than-expected earnings and saw their shares rise +6.89%, +6.25%, and +15.04%, respectively.  AXP also jumped, nearly +10%, on its quarterly report from last [...]

Market Ends Up, Barely… SPX, Nasdaq, NE, DO, RIG, NOV, AXP, TXN

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was strong in the morning, but, slipped back into the red in the afternoon.  It did finally managed to close with small gains.  Energy stocks were strong today, especially oil services:  DO +3.51%; NE +8.35%; RIG +4.94%; NOV +2.55%.  This group has been [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I wrote, “The market is in a very defensive position and could easily head lower to test the bottom.  For the new week, we’ll need to pay very close attention to the financials, as recent new developments (for example, [...]

Another Volatile Week, But, Pretty Good!

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! We ended another volatile week.  The market is being pulled up-and-down by the financials.  We had some good trades this week: January 23, 2009 10:38 | AEM ($56.90) Sold to Close AEMBJ Feb 50 calls, at $9.00 +76% 08:42 | AEM ($55.95) Sold to Close [...]

Financials Lead The Bounce (What A Difference A Day Makes!) SPX, Nasdaq, MS, PNC, JPM, GS, GOOG, CME, MA, RTP, AAPL

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! What a difference a day makes!  Yesterday, the market rushed to dump the financials stocks.  Today, the market bought them back hand-over-fist (MS +28.70%; PNC +37.09%; JPM +25.1%; GS +18.07%)!  Among the top “point” gainers were: GOOG +$20.33; CME +$21.51; RTP +$8.32; MA +$12.92. The [...]

Market Comments and Economic Recap from Optiondragon for 1/21/2008.

“Believe” – Lenny Kravitz- play this song while reading the article, join us on myhappytrading.com trade room, where hedge fund managers, ex-fund managers and high level option traders talk about the markets all day! Market comments of the day from optiondragon in sequence as well as market data: With courage you will dare to take [...]

Financials Lead The Market On A Big Drop! SPX, Nasdaq, STT, PNC, JPM, WFC, GS, AEM, PCP, IBM

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! This weekend, in my Market Forecast, I warned about the new “bearish formation” in XLF, the ETF for the financial sector.  Right of the gate, the financials stumbled (STT -59.04%; PNC -41.4%; JPM -20.73%; WFC -23.82%; GS -18.96%), and SKF went sky-high (up +28.75% today)!  [...]

Market Comments and Economic Recap from Optiondragon for 1/20/2008.

BY OPTIONDRAGON Journey – Don’t Stop Believing- Play the song while reading the article. A new Dawn has arrived for the US as the Beauty of the American Process was shown today with the peaceful transfer of power between two US presidents. Without bombs and without bloodshed….American Democracy at its finest. Whether you are RED [...]