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Daily Archives: May 31st, 2009

Market Forecast + Sector Watch: SPX, Nasdaq, USO, OIH, SOXX, BTK

May 31, 2009 – 8:22 pm

Last weekend, in my Market Forecast, I wrote: "Although this rally looks to be struggling, I’m not necessarily convinced that it is done.  We are mostly in cash and will be prepared to trade on either side.  If the market indices break the support at the 30-day MA, we may see the slide accelerate.  SPX [...]

By HappyTrading | Posted in BTK, ELN, HGSI, INCY, OIH, OXGN, SNY, SOXX, USO | Comments (0)

Dead Dog Survey, Part 1

May 31, 2009 – 5:54 pm

We have seen the recent economic collapse drive stocks down, way down. Especially in the materials and energy sector. If we believe we are in a recovery, then we can expect stocks to move up substantially, and the greatest potential for gain is in the stocks given up for dead previously, but now back in [...]

By HappyTrading | Posted in AHD, CENX, CFW, CPE | Comments (0)