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Monthly Archives: March 2009

Market Struggles To Keep The Rally Going! SPX, Nasdaq, GS, PRU, PNC, CME, SNDA

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After Monday’s big drop (the Dow lost over 200 points), the market came back up.  It was on its way to recover Monday’s loss, until the last half-hour.  Still, it was able to keep a modest gain.  Financials led the sectors again: GS +5.53%; PRU [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, PBW, SOXX, OIH

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said, “For the new week, it looks like the market intends to go higher.  Monday’s actions could set a strong tone for the week.  But, the market will need to break above SPX 800 and Nasdaq 1500 to [...]

Freeseas – Take the Money and Run

from MyHappyTrading.com by Skymist Sign up for FREE membership! FREE: Freeseas is a small shipper, operating Handysize vessels primarily.  See chart below.  I have been trading this stock about a year, and made quite a large killing on it during a short covering rally mid-December last year.  This year, I began accumulating at about $0.63.  [...]

Solars Shine! FSLR, SPWRA, STP, TSL, YGE, LDK, JASO, SOLF

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! On Tuesday, I mentioned that SPX 800 and Nasdaq 1500 would be tested.  On Wednesday (yesterday), the market successfully tested those levels and bounced higher.  This morning, the market showed optimism as the GDP report was not as bad as some had feared, and opened higher.  [...]

Waiting On the Budget: SPX, Nasdaq, GS, FSLR, STI, JPM, CME

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was a bit ”wobbly” today.  It started out weak, and was able to regain its footing.  But, in the afternoon, it slipped into the close.  Well, the market has been going up and up.  People are bound to take profits.  We locked in our profits [...]

Market Breaks Out To 1-Month High!! PRU, BLK, JPM, MS, CME, ACH, RTP

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Wow, what a day!!  +500 points on the Dow!! Almost +100 points for Nasdaq; and over +50 points higher by SPX!!  Stocks surged today on Treasury’s toxic assets plan and the latest housing data!  There were high flyers everywhere, every sector, especially the financials:  PRU [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said, “For the new week, Monday is going to be a little tricky.  After running up for 4 days, the intraday charts are getting toppy.  If the market can hang above the 20-day MA (SPX 750; Nasdaq 1400), [...]

March Wrap: Awesome Month! CME, APOL, FSLR, FCX, DNA, BIDU

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! We had a really good month in March.  Here are the closed trades: 12:10 | CME ($233.00) Sold to Close CMECH Mar 240 calls, at $0.30 -79% 11:31 | POT ($79.85) Sold to Close PVZCP Mar 80 calls, at $1.40 -32% 11:41 | STI ($13.85) [...]

Market Finally Relaxes… PRU, STI, MS, GS

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Yesterday’s heroes are today’s villains!  Financials finally saw substantail profit-taking today.  PRU was down 24.72%!!  STI gave back 10.72%.  MS has been weak lately, trading back down to $21.  GS lost 5.65% and closed under $100.  Commodity-related sectors were strong today.  Oil traded higher, $51/barrel, as [...]

Panic Buying In The Financials! SPX, Nasdaq, GS, PRU, BLK, STI, PNC, FRE, FNM, AIG

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market had a wild ride today, especially after the Fed announcements.  The Fed kept rates unchanged at nearly zero and launch $1.2 trillion effort to revive the economy, including an additional $750 billion in mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.  FRE, [...]