Last night, Dubai received a $10 billion bailout from Abu Dhabi. This morning, XOM announced a $31 billion deal to buy XTO, sending XTO stock up more than +15%! Other stocks in the energy sector jumped as well: APA +4.09%, DVN +4.55%, UPL +3.78%, ECA +4.99%. Besides natural gas companies, solar stocks were also up: [...]
Monthly Archives: December 2009
Energy Stocks Jump On Merger! SPX, Nasdaq, XOM, XTO, APA, DVN, UPL, ECA, CSIQ, TSL, SOLF, LDK, C, WFC, V, MA, COF, BAC, C, WFC
December 14, 2009 – 6:05 pm
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, INX2
December 13, 2009 – 9:40 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the market will start with a more bullish stance. The daily MAs on both SPX and Nasdaq have turned higher. Nasdaq is already seeing the hint of a new bullish crossover in the MACD. VIX managed to close just above 21; but, breaking [...]
Market Claws Back Into the Green! SPX, Nasdaq, AAPL, RIMM, X, AMSC, CLF, MEE, CNX, BTU, ACI, GS, RIMM, IBM
December 9, 2009 – 5:41 pm
The market open on the strong side today. It sank down into the red in early afternoon, but, was able to close strongly back into the green! We had a lot of plays going in the Trading Room today. More than a month ago, I talked about AMSC and that the January calls looked attractive. On November [...]
Time To Look At Gold Again? SPX, Nasdaq, DO, SLB, RIG, GLD, GOLD, ABX, RGLD, GS, WLP, AET, CI, UNH
December 8, 2009 – 9:01 pm
The dollar continued to climb higher today and gold followed lower. Gold has come down about $100/ounce in 3 trading sessions, closing just around $1128/ounce from a high of about $1228/ounce last Thursday. GLD, the gold ETF, has faltered from a recent height of $119.54 to today’s close of $110.95. Gold miners have also fallen [...]
Solars And Fertilizers Still Attracting Buyers! SPX, Nasdaq, FSLR, SPWRA, STP, TSL, YGE, CSIQ, POT, MOS, CF, AGU, FDX, UPS
December 7, 2009 – 8:09 pm
The market was stagnant today, spending most of the day slightly up. But, it sank into the red in the afternoon, although not by much. A couple of sectors stood out, however. Solars and fertilizers were strong from the open and kept most of their gains. In the Sector Watch section of my article last [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, SOXX, XLE
December 6, 2009 – 9:36 pm
Last weekend, in my Market Forecast, I wrote: "Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market. VIX jumped to test 26 on Friday and closed just below 25. However, SPX’s daily MAs have just developed into a new bullish formation! There are still [...]
Weekly Wrap 12/4/09 MOS, MA, CGA
December 4, 2009 – 8:55 pm
I have been on vacation mode since Thanksgiving. Nevertheless, some very good trades were still made. We’re once again 100% GR$$N on the closed trades. Notable ones are on MOS and MA with gains over +50% (highlighted). Here they are: December 04, 2009 07:11 | HappyTrading CGA ($17.54) Sold to Close CGALW Dec 18 calls, [...]
Fertilizers Up Big On Strong Demand! POT, MOS, CF, AGU, SEED, GRO, CGA
December 2, 2009 – 5:16 pm
On Thanksgiving, I wrote a quick article mentioning the potential M&A activities in the agriculture sector. Over the past 2 days, fertilizer stocks saw tremendous buying on increasing volume! Today, top officers from Potash (POT) and Mosaic (MOS) made some bullish remarks on the recent demand in corn-nutrient potash. Although no mergers have been finalized, [...]
Consolidation Day
December 1, 2009 – 7:34 pm
Nov 30 2009, 05:33 PM by Bagger Vance After the weekend, stocks were moving in circles for the most part we finally saw some groups ‘wake up’ from a slumber. Financials…remember them? finally put in a good relative performance and outpaced the broader indices. Tech was also inspired by cyber Monday and rose smartly. Bonds [...]
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