Last weekend, in my Market Forecast, I wrote, "For the new week, the "stress test" results on banks will likely be a mover for the market. Meanwhile, much attention seems to be shifting towards energy sectors. Techs are still healthy and Nasdaq should push to perhaps test 1800. For SPX, 900 is the next resistance." Indeed, the [...]
Monthly Archives: May 2009
Dryships Spoils the Party
May 10, 2009 – 7:20 pm
With the Baltic Dry Index up every day for an entire week, the shippers become somewhat divorced from the general market, and find a strong support zone. My key plays on dryshippers have been calls on ESEA, EGLE and TBSI. Individual stocks: ESEA: a shipper with one of the lowest debt-to-equity ratios around, and a [...]
Education & School Stocks Hanging By a Thread
May 10, 2009 – 7:14 pm
from MyHappyTrading.com by Aggressively Conservative Sign up for FREE membership! Finally! I went bearish on the educational/school stock group back in late February (see the article here). The idea was right, but the timing was about three months early. These stocks rebounded in late March, and only started to tumble again in early April. This [...]
Happy Mother’s Day & Another Happy Week!
May 10, 2009 – 8:21 am
First of all, Happy Mother’s Day! After a fantastic April, we started May with another "Happy" week! Here are the published trades: May 08, 2009 12:59 | HappyTrading APA ($84.90) Sold to Close APAEO May 85 calls, at $1.90 +3% 12:46 | HappyTrading FCX ($52.05) Sold to Close FCXEJ May 50 calls, at $3.10 +24% [...]
Bank Stocks Up After Stress Test (Part II): SPX, Nasdaq, JPM, COF, STT, GS
May 7, 2009 – 9:22 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Today, the market opened higher, but, profit-taking immediately followed. Investors seemed nervous ahead of the "official" stress test results. Ironically, techs were the weakest, as Nasdaq lost 2.44%! Financial stocks were jittery as well, and most reversed their early gains to pretty substantial losses. However, [...]
Bank Stocks Up After Stress Test (Part I)
May 7, 2009 – 2:01 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Just a quick note after the official release of the Bank Stress Test. Here are some stocks jumping in after-hours: BAC STT (no addtional capital needed) GS C (less additional capital than expected) FITB HBAN PNC HIG AXP (no addtional capital needed) USB (no addtional [...]
VNDA Jumps +824% On FDA Approval!!
May 6, 2009 – 7:42 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After the market, VNDA investors experienced "Christmas in May"!! VNDA announced that the US Food and Drug Administration (FDA) has granted marketing approval of Fanapt(TM) (iloperidone) for the acute treatment of adult patients with schizophrenia. VNDA closed at just +1.08 today. It jumped to almost [...]
Financials And Energy Sectors Push The Market Higher! SPX, Nasdaq, WFC, STI, PNC, BAC, DVN, APA, HES, CSCO
May 6, 2009 – 7:22 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The first thing I said in the Trading Room this morning was: HappyTrading May 6, 2009 6:47 AM good morning! energy stocks and financials are strong! The energy and financial stocks just kept on going higher today. WFC +15.59%, STI +14.99%, PNC +11.93%, and BAC +17.07% [...]
Markets Hold the Important 900 Level
May 5, 2009 – 8:18 pm
from MyHappyTrading.com by Bagger Vance Sign up for FREE membership! More wins more the new month: May 05, 2009 07:28 | Bagger Vance BIDU ($245.00) Sold to Close BDUEJ May 250 calls, at $7.50 +70% 07:13 | Bagger Vance AAPL ($132.00) Sold to Close APVEF May 130 calls, at $4.55 +49% 07:10 | Bagger Vance CME [...]
SPX Turns Positive For The Year! SPX, Nasdaq, MEE, CNX, ACI, BTU, GS, BAC, WFC, JPM, STI
May 4, 2009 – 8:34 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After closing above SPX 875 and Nasdaq 1700 last week, the market opened strongly and rallied until the close! In our Trading Room today, a member asked about SPX 900 being a resistance: yagezilla May 4, 2009 9:03 AM Happy: Is next resistance 900 spx? I [...]
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