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Monthly Archives: November 2009

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, OIH, XME, GLD

Last weekend, in my Market Forecast, I wrote: "For the new week, we have to be very careful.  With gold trading higher again this evening, we could get another so-called "mutual fund Monday" buying to start the week.  But, unless the market can jump back to close above the recent resistance levels, it may be stuck [...]

November 2009: Another Super Month! GLD, GOOG, TSL, CTRP, MON, ISRG

Our trading was spectacular this month!  Not only did most of our trades produce winners, most winners had more than +50% profits (highlighted in bold print).  In fact, most of our trades had more than +100% gain, with many trades over or near +200% gain!!  Gold was, of course, the big story this month.  We [...]

Happy Thanksgiving! MON, POT, MOS, CF, AGU

Happy Thanksgiving! The market managed a modest gain as the dollar dropped and gold went to a new high, yet again!  Gold finished above $1190/ounce!!  We took things easy on Wednesday to get ready for Thanksgiving.  Most sectors closed higher and VIX came down to test 20.  It managed to bounce a bit and closed [...]

Market Comes Alive On “Mutual-Fund Monday”! SPX, Nasdaq, WLP, ESRX, UNH, PNC, PRU, STT, MA, GOOG, MOS, SEED, GRO

The market hopped out of the gate this morning on some "happy feet" as home sales jumped in October to their highest level in more than 2-1/2 years!  In addition, gold continued to make new record highs, trading nearly to $1175/ounce intraday.  As gold went higher, gold miners followed up, which in turn inspired other [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH

Last weekend, in my Market Forecast, I wrote, "For the new week, a strong move to open the week should push the market above SPX 1100.  If the market does close above SPX 1100, we should see a new bullish formation on SPX’s daily chart.  We should see new buyers rush into the market, if [...]

Another Week Of Big Winners! TSL, GLD, ISRG, MON, GOOG

We wrapped up another week of big winners.  Every closed trade was in the GR$$N!  We do have 2 trades that expired, which will be reported in the Monthly Wrap-Up for November.  Record gold was once again the big news, and we captured the trade with options on GLD.  Here are the closed trades this week [...]

Chip Makers Lead The Market Lower: SPX, Nasdaq, INTC, TXN, DELL, TSL, STP, GOOG

The market started out weak on an inline unemployment report.  The chip makers led the market lower as Bank of America downgraded both INTC and TXN.  INTC lost 4.08% while TXN dropped 3.38%.  If you read the above linked article, you can really get a sense that it is a "ratings game".  The timing was [...]

Gold Rises To Another Record! SPX, Nasdaq, GLD, MON, POT, CF, MOS, BG

The market was yet again flat today, closing a bit on the downside.  Gold, however, jumped in the morning a attained a new record high!  This weekend, in my Market Forecast & Sector Watch, I said, "GLD is now in uncharted territory, with little resistance.  If the momentum is strong, GLD could run up fast [...]

Coal And Agriculture Stocks Rally! POT, MOS, MON, CF, MEE, CNX, BTU, ACI

The market started out a bit weak, but, managed to came back up to close in the green.  Coal stocks were strong today:  MEE +5.68%, CNX +1.88%, BTU +2.37%, ACI +2.14%.  I mentioned unusual options activities in MEE in last night’s article.  Today I bought some Jan 40 calls on MEE and took a quick [...]

Three High-Risk, High-Reward Shipper Option Plays

With the Baltic Dry Index (BDI) clearing a 52 week high finally, now at 4381, the situation for beaten down shipping stocks has not looked this promising for all of 2009. My personal index of shippers is now up over 15%, and there is little sign of it stopping. Indeed, approaching the end of year, [...]