from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market started out strong, with the Dow charging up above 8500 again. But, profit-taking soon took over after two hours of trading. In the afternoon, the market slipped into the red as the Fed appeared to be conservative in its revised 2009 forecast. Commodity [...]
Monthly Archives: May 2009
Commodities Stayed Green In Choppy Trading: SPX, Nasdaq, AEM, GOLD, ABX, X, MT
May 20, 2009 – 9:03 pm
A Paragon of Virtue
May 19, 2009 – 10:33 pm
If you read my article describing the strategy for trading shipping stocks this week, you saw me declare a strategy in which I advised you to: 1. Buy shipping, 2. Sell just before earnings, 3. Wait for a pullback post-earnings to settle, then 4. Buy back in. This is a strategy to use when a [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XME, FXI
May 18, 2009 – 5:34 pm
Last Friday, when the market was down big, we cashed out our positions with solid gains (Click here to see last week’s trades) and stayed in cash. In the Trading Room, I told our members to be patient and start to look at June calls: May 15, 2009 10:17 AM GS coming back up; still [...]
Been A Busy Weekend
May 17, 2009 – 8:26 pm
I’ve had a very busy weekend. So, my usual weekly Market Forecast and Sector Watch article will be postponed until tomorrow evening. Asian markets are weak tonight, so, be a little more careful tomorrow. But, as I had mentioned on Friday, we cashed out all of our published option trades (including a +113% on HBAN) and are [...]
BDI Points the Way Higher
May 17, 2009 – 8:18 pm
by Skymist Sign up for FREE membership! The Baltic Dry Index is an industry index of averaged shipping rates charged by marine firms who ship bulk dry cargo. We watch BDI because when it goes up, shippers of iron ore, coal, and other bulk dry goods are getting increasing freight rates. Let’s take a look [...]
Abnormal volume for 5-15-2009
May 15, 2009 – 11:43 am
from MyHappyTrading.com by Skymist Sign up for FREE membership! These are stocks ranked by a figure of virtue calculated by multiplying their relative volume (todays volume divided by average volume) times their day’s gain. This gives a power listing of stocks receiving intense buying interest. Before going long or short any of these, it is [...]
Financials And Techs Lead The Market In Bounce: SPX, Nasdaq, POT, MOO, HBAN, STT, FITB
May 14, 2009 – 6:56 pm
After 3 days of profit-taking, the market was strong right from the open today. Financials and techs led the rebound. Regional banks were especially jumpy: HBAN +7.03%, STT +6.52%, FITB +7.12%. Agriculture stocks continued to push higher. We got back into both POT and MOO and again scored some nice trades: May 14, 2009 12:50 [...]
Lesson Learned, Sector Forecast Confirmed… Healthcare, Pharma Primed
May 14, 2009 – 9:40 am
Just to assure you there’s some ‘meat’ behind this commentary, I’m going to offer a near-term sector and industry forecast at the bottom of the write-up. First, however, I think it’s far more important to offer a brief but powerful verification that this technique works. Sometimes the subtle things are also the most powerful/profitable. Take [...]
Weak Retail And Housing Data Spooks Market: SPX, Nasdaq, MGM, WYNN, LVS, BAC, HBAN, FITB, CME, SKF, SRS
May 13, 2009 – 7:18 pm
Right out of the gate, the market was weak today. Retail sales dropped and foreclosures on homes continued rising. Stocks were mostly on the defensive and slipped lower as the day went. Financials continued to fall from their recent heights. BAC fell 10.20%; HBAN slumped 14.86%; FITB dropped 14.70%. In the morning, MGM announced its [...]
Trading In The Options Expiration Week! SPX, Nasdaq, FSLR, CME, POT, GOOG
May 12, 2009 – 7:53 pm
The market started out weak. But, when SPX slid below the 900 level, buyers came in and drove the market into the green. Financials and techs struggled to find strength. The market was held up by commodity-related sectors. Agriculture and gold miners were particularly strong. This weekend, in my weekly Sector Watch, I specifically mentioned [...]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
