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Monthly Archives: March 2009

Market Extends Rally On Good Housing Data: SPX, Nasdaq, CME, GOOG, BIDU, CEPH

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The stock market was very strong today, extending the recent rally as better-than-expected housing data brought new hope!  There were plenty of high-flying stocks today.  CME flew higher almost $30, or +15%!!  GOOG added more than $15, +4.9%.  BIDU jumped +8.71%.  Some biotechs were very strong also:  [...]

Great Trades This Week So Far… CME, BIDU, GS, APOL

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! This is just a quick post on the published trade we’ve had this week so far.  We got another huge win today on CME, +173%!!  We scored big yesterday on puts and pocketed bigger profits today on calls! March 17, 2009 12:52 | HappyTrading BIDU [...]

Education Stocks Get Hammered, Again!

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! As I said in my Market Forecast last night, “For the new week, Monday is going to be a little tricky.  After running up for 4 days, the intraday charts are getting toppy…”  The market was strong in the morning, but, turned weak in the [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I noted, “…as I said on Wednesday, this market may be looking at a near-term bounce.  For the new week, if the market does bounce, it will have to get above the 10-day MA before it can get anywhere.  [...]

Very Nice Week!

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! We’ve had another great week.  We are basically 100% GR$$N, besides a partial trade on CME that got shook out as the market fluctuated.  Here are the closed trades: March 13, 2009 07:33 | CELG ($47.50) Sold to Close LQHCI Mar 45 calls, at $3.00 [...]

Scripting The Market With Technical Analysis: SPX, Nasdaq, GS, PRU, STI, CME, GOOG, SKF

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! It was a “fun” day on the market today.  The market started out pretty solidly, and then, became a bit unstable.  The first thing I said, this morning, in our Trade Room was: HappyTrading March 12, 2009 7:33 AM (PST)good morning! market I think we’re going sideways [...]

Trade Less, Make More Money! SPX, GLD, CF, MOS, PCLN

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! In my article last night, I said, “We should see some follow-throughs tomorrow morning, and then some fluctuations due to profit-taking, which will invite the some shorts back in, at least for a quick play.” That’s pretty much what happened.  The market was very strong [...]

Financials Lead The Market In Bounce! MS, GS, JPM, WFC, PNC, BIDU, SOHU, CEO, ACH

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market jumped out of the gate this morning, as Citigroup (C) professed that it operated at a profit in the first two months of 2009.  The financials stocks quickly rallied and continued higher throughout the day.  There were many double-digit gainers: GS +15.32%; MS +26.46%; JPM [...]

Scoring +200% On DNA

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! DNA has been in the news recently.  Here’s the latest: “NEW YORK (AP) — Genentech’s board of directors is close to striking a $95-per-share sale to cancer drug partner Roche, according to a report by the Wall Street Journal.” We cashed out the rest of [...]

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

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said, “For the new week, SPX and Nasdaq look like they are on the start of a new leg down.  SPX 700 and Nasdaq 1300 are the nearest respective supports.  Although financials finished mixed last week (some even managed to [...]