It was another solid week for the markets. We continue to find big winning trades. Here are the closed trades for the week. Trades with gains above +50% are highlighted: September 17, 2009 10:32 | HappyTrading FSLR ($150.30) Sold to Close QHBJI Oct 145 calls, at $12.30 +67% 09:05 | HappyTrading STT ($54.25) Sold to [...]
Monthly Archives: September 2009
More New Highs!! SPX, Nasdaq, NOV, DO, SLB, RIG, AAPL, GOOG, AMZN, GS, HIG, PRU, BLK, COF, CME
September 16, 2009 – 8:19 pm
Yesterday, in my article, I said, "I think VIX will test 23 again tomorrow. If VIX breaks below 23, I think we’ll see SPX above 1060!" Today, VIX broke below 23, and SPX went above 1060. Although VIX bounced in the afternoon, the market just kept on going higher. Most sectors participated in the run-up [...]
Commodity Sectors Jump Again! CNX, BTU, CLF, X, AKS, NUE, FSLR, SPWRA, TSL, STP, POT, MOS
September 15, 2009 – 8:43 pm
The market continued with its graduate ascend. Commodity sectors were strong again! Yesterday, I wrote about the coal stocks. Today, they pushed higher: CNX +4.47%; BTU +2.11%; CLF +5.1%. Yesterday, we bought CNX Oct 42 calls: September 14, 2009 07:46 | HappyTrading CNX ($42.20) Bought to Open SDFJP Oct 42 calls, at $2.69 Today, we [...]
Biotech Index At New All-Time Closing High! GS, HIG, PRU, AIG, CNX, BTU, ACI, MEE, DNDN, SPPI, HGSI, PDLI, INCY
September 14, 2009 – 8:21 pm
The market opened lower today, but, closed in the green, again! As I mentioned in my Market Forecast on Sunday, "[T]he market needs to let off some more steam." It did so in the morning. We continued to discussed the importance of the commodity sectors, which were mostly in the red on Monday morning. But, [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD, XME, SWH
September 13, 2009 – 8:07 pm
Last weekend, in my Market Forecast, I said, "For the new week, most sectors seem to have sync’d up to go higher. SPX closed right at its 10-day MA while Nasdaq closed above. Another solid green day, the indices could have the daily upper BB within their reach. The market will need to push the [...]
More Wins This Week! FSLR, LVS, INFY, RTI, GOOG, WYNN, JOYG, AMED
September 12, 2009 – 7:24 am
The market was strong this week. We contined to pick good winning trades. Here are the closed trades for the week. Trades with gains over +50% are highlighted: September 10, 2009 10:37 | HappyTrading GOOG ($467.00) Sold to Close GOPIL Sep 460 calls, at $10.70 +13% 09:01 | HappyTrading AIG ($38.60) Sold to Close IKGII [...]
Commodity Trades Still On! SPX, Nasdaq, AEM, PAAS, FCX, X, BTU, DO, RIG, SLB
September 10, 2009 – 7:41 pm
Last night, in my evening article, I said, "The commodity sectors took a breather today. Coals and steels, however, were mostly green. Gold and silver plays finally saw some profit-taking today, but, I don’t think they are done going up. We’ll see if the commodity sectors can draw new buyers in tomorrow and resume their [...]
Market Adds To Gains! SPX, Nasdaq, FSLR, MA, BLK, COF, WFC, GS, JNPR, TXN
September 9, 2009 – 4:56 pm
The market saw profit-taking today in the commodity sectors. Gold traded above $1000 in the morning, but, closed below $995/ounce. Oil prices were flat. With 1/2 hour before the close yesterday, I said in our Trading Room: September 8, 2009 12:33 PM market feels like it wants to go higher, but, intraday charts are toppy, so, [...]
Tuesday Wrap-Up: Market Rallies On Strong Commodities!
September 8, 2009 – 4:34 pm
The market opened the week on a strong note, with commodity sectors leading the rally. I have been stressing the importance of the commodity sectors in keeping the stock market going higher. Just last weekend, I said, "Commodity sectors remain the key for this market." Many people think that since the market tumbled on problems [...]
VVUS Accelerates to the Upside
September 8, 2009 – 3:28 pm
Without apparent news, VVUS took off higher in the postmarket today after a day of continual gains, trading as I type at a price over $8. Watching it closely, I did not think it was a Climax Syndrome case until the stock was already over $7.50. I realize now that this was because the stock [...]
![[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)
