After Monday’s big drop, the market opened higher today. It fluctuated for about 3 hours, then, the selling pressure continued. Most sectors were higher in the morning, but, they pretty much all turned red before the close. Some of the big down-movers include: FSLR -3.88%; RTP -5.07%; CEO -5.42%. One of our members, skymist, wrote [...]
Monthly Archives: June 2009
FSLR Ready For a Fall?
June 15, 2009 – 5:12 pm
First Solar appears headed for a showdown. Here we can see that the large gap up in the price of FSLR in early May did not result in a new trendline, nor did it reverse. Instead, it set up the start of a formation often called a descending triangle. In this chart pattern, a stock [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, SOXX
June 14, 2009 – 9:30 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, many sectors are starting to look toppy. But, the financials still have not really broken out. XLF is still unable to break above $13. The market might start out the week slowly. We could see some more profit-taking in the techs and the [...]
Case Study: JAZZ, A Climax Syndrome
June 13, 2009 – 8:23 am
Jazz Pharmaceuticals, Inc. ("JAZZ") has been working on a drug for fibromyalgia, a hard to treat disease, using a drug commonly prescribed for a different purpose. They recently completed a 3rd phase study. Clinical trials proceed in three levels: 1, 2, and 3, which are roughly speaking, 1=safety, 2=dosage and toxicity, and 3=efficacy. Getting to [...]
Choppy Market, But, Still A Good Week!
June 12, 2009 – 11:12 am
It’s been a very choppy market. We traded lightly this week as the market fluctuated in a tight range. But, we still came out on top, including a +209% trade on BLK. We also found a quick winning trade in puts on BIDU today: June 12, 2009 11:48 | HappyTrading BIDU ($288.70) Sold to Close [...]
Energy Sectors Push S&P 500 To A New 6-Month High!
June 11, 2009 – 9:18 pm
On Tuesday, in my evening article, I said, "If VIX breaks down below 28, I think we’ll see SPX above 950. [...] USO (oil) still seems strong, as the dollar looks weak again. Energy sectors could help the market push higher." Today, VIX broke down all the way to below 27. SPX jumped to a [...]
Techs & Miners Hold The Market Up: SPX, Nasdaq, X, FCX, ATI, CCJ, TXN, BRCM, SNDK, MRVL, BLK
June 9, 2009 – 7:20 pm
This weekend, in my Market Forecast, I mentioned that "[t]he market might start out the week slowly" and "e could see some more profit-taking in the techs and the miners". Yesterday, we saw profit-taking in techs and miners, and, the market ended flat. Today, techs and miners came back up, and, the market still ended [...]
Market Ends Flat, In A Tight Range: SPX, Nasdaq, GOLD, BIDU, FSLR, ICE, BLK, DECK, AAPL
June 8, 2009 – 9:24 pm
Last Friday, we cashed out on our gains after the strong open. I said in the Trading Room: June 5, 2009 7:20 AM I’m calling a long weekend. will sleep in on Monday! This morning, the market opened down. But, it climbed back up in the afternoon and turned green before closing flat. A lot of [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, XLF, XLE, PBW
June 7, 2009 – 9:24 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I wrote: "For the new week, the market looks strong and ready to break higher. SPX should look to push above 950, although it may see some resistance around that level. Nasdaq can easily punch through 1800, above which [...]
BDI Falters
June 7, 2009 – 5:52 pm
The Baltic Dry Index has now fallen significantly for two days in a row, putting us down more than 10% from its high last week. BDI is a streaky index, almost behaving more like an integral of a boolean function than a quantitive measure. BDI rises when the shipping industry perceives that there are more [...]
![[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)
