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Monthly Archives: February 2010

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, BTK

February 7, 2010 – 9:14 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, it looks like the market is entering into a bearish phase.  Although a bearish formation is not established in its daily MAs yet, the sentiment on the market is very bearish.  There is a slew of new economic data coming in next week, starting [...]

By HappyTrading | Posted in Uncategorized | Comments (0)

A Wild Market Week

February 6, 2010 – 5:30 pm

That was quite the rollercoaster ride this week!  Something for everyone…bulls and bears.  Feasting on the run that started the week, bulls pulled in their horns in advance of Friday’s job report, and while today ended nearly flat that certainly wasn’t the case.  A loss of 20K jobs and some very heavy margin selling took the indices [...]

By HappyTrading | Posted in MMR, RIMM | Comments (0)

Market Awaits Latest Jobs Data: SPX, Nasdaq, BIDU, GOOG, RIMM, AAPL, CSCO, V, MA, BRCM

February 3, 2010 – 9:25 pm

Yesterday, in my evening article, I said, "After 2 days of bouncing, the market may need a bit of rest tomorrow before some important earnings reports…"  Indeed, we saw some profit-taking today.  Commodity sectors were mostly weak.  BIDU jumped another $23.6, or +5.54% to close just a tad under $450, as Goldman Sachs raised its [...]

By HappyTrading | Posted in AAPL, BIDU, BRCM, CSCO, GOOG, MA, RIMM, V | Comments (0)

Housing And Biotech Stocks Rally: SPX, Nasdaq, DHI, MDC, TOL, PHM, CELG, GENZ, OSIP, CEPH, XNPT, CTRP, SOLR, NETL, CSCO, V, BRCM, YUM

February 2, 2010 – 9:42 pm

This morning, pending home sales numbers came in better than expected.  In addition, DHI reported its first profittable quarter in 3 years!  Housing stocks were very strong:  DHI +10.92%, MDC +7.73%, TOL +3.59%, PHM +7.48%.  Biotechs also had a good day with the BTK breaking above 1000, yet another all-time high:  CELG +1.39%, GENZ +2.71%, [...]

By HappyTrading | Posted in BRCM, CELG, CEPH, CSCO, CTRP, DHI, GENZ, MDC, NETL, OSIP, PHM, SOLR, TOL, V, XNPT, YUM | Comments (0)

Energy Stocks Lead The Market In Bounce: SPX, Nasdaq, XOM, RIG, DO, APA, WLT, HES, AMZN, BIDU, BP

February 1, 2010 – 9:11 pm

This morning, in addition to encouraging manufacturing and personal spending data, XOM reported better-than-expected earnings.  As discussed in my Market Forecast last night, the market was ready for a bounce.  Energy stocks led the market higher:  XOM +2.72%, RIG +3.07%, DO +3.67%, APA +3.68%, WLT +4.74%, UPL +4.98%. AMZN shares fell more than 5% as [...]

By HappyTrading | Posted in AMZN, APA, BIDU, BP, DO, HES, RIG, WLT, XOM | Comments (0)