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Monthly Archives: February 2009

Quick Wrap-up For February

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market has just been a wild place this month, and “down” again.  But, we did really well, again!  Here are the closed trades for February: 10:59 | Happy Trading CF ($65.9) sold to close CFCM Mar 65 Call at, $3.9 +18%12:18 | HappyTrading GS [...]

Biotech and Health Care Lead The Market Down: IBB, ESI, HUM

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market opened higher today, but, started to slide in late morning.  Biotechs were particularly weak: OSIP -8.29%; GENZ -6.43%; CELG -5.1%.  Health care stocks were even worse: HUM -19.48%; AET -11.26%; CI -8.54%!  Today’s big drop in these two sectors came as more details in Obama’s proposed [...]

Market Hangs On In Volatile Trading: SPX, Nasdaq, FSLR, CF, CRM, FLR

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market opened lower on worse-than-expected home sales data.  It rallied all the way back to green only to sink down into the red just before closing.  Stocks fluctuated throughout the session.  Oil rallied and gold continued to give back some of its recent gains.  [...]

Market Trading On Technicals

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! This market has been very volatile, to say the least.  It has been trapped in a tight trading range since November of 2007, and is in the process of testing that November bottom right now.  Fundamentals are very important.  But, in this volatile market environment, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, SOXX, XLE (public)

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I wrote: “For the new week, it still seems that the market is waiting to see how the stimulus package is going to play out.  The market is still undecided and needs more clarity on how the new ”Obama” plans are going [...]

Ultrashorts: A Good Way to Profit from Volatility (II)

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! More than a week ago, I wrote an article, “Ultrashorts: A Good Way to Profit from Volatility“.  I talked about how fast ultrashort ETFs, such as SKF and SRS, move, and in a volatile market environment, fast profits can be made from trading the options.  Today [...]

The Changing Dynamics of the Dollar, Gold, and Oil

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Probably most people are aware of the fact that gold has been going higher.  It is once again approaching $1,000/ounce.  It traded almost to $990 today!  Strangely enough, the dollar has also been climbing, as a result of foreign currencies dropping.  On the other hand, [...]

GM Asks For $30 Billion More, Markets Tumble! SPX, Nasdaq, GS, WFC, MS, JPM, XOM, CVX, SRS, SKF, EEV

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Even though President Obama signed the stimulus plan into law, the economic worries just seemed to be overwhelming for the markets right now.  Chrysler requested an addition $5 billion while GM said it may need another $30 billion!  Financials led the decline again:  GS -11.14%, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, SOXX, USO (public)

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Happy President’s Day! Last weekend, in my Market Forecast, I wrote: “ The market is waiting to see if the stimulus plan will be swiftly passed in new week.  The market looks optimistic about the lastest stimulus package that is being discussed, and, could be [...]

Is Gold Going to $1,000 and Beyond?

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Gold prices broke out today and traded above $940/ounce.  This is a new 6-month high!  In my article last week, on 2/4/09, I said, “We’ll wait for GLD to confirm that $88 will hold. Above $90, we should see more buyers coming in. March in-the-money [...]