The market started the day on the weak side with a weaker-than-expected ADP payroll report. However, oil and gold rose, as the dollar slipped. The commodity sectors kept the market from falling too much. Oil Services were very strong. DO bounced +3.98% while RIG added +3.86%. Gold miners also advanced: GOLD +3.42%, ABX +1.54%, RGLD +1.56%.
During the day, OSTK […]
Locking in more gains as the market air gets thinner!
March 30, 2010
06:59 | Bagger Vance RIG ($84.00) Sold to Close RIG 04172010 85 C Apr 85 calls, at $1.60 +45%
06:47 | Bagger Vance BBY ($43.00) Sold to Close BBY 04172010 36 C Apr 36 calls, at $7.00 +226%
06:44 | Bagger Vance AAPL ($236.50) Sold to […]
That title is a point of contention bugging both bull and bear traders this month. All the anecdotals didn’t work this month: beware the ides of march, 1 yr anniversary of the bottom, earnings warning season, end of a good quarter, tax selling (and a whole host of others). The market has been overbought for […]
The market was strong today, helped in a big way by the commodity sectors, as the dollar slid. Miners took control again. Coal stocks were especially strong, again: WLT +3.12%, CLF +2.23%, MEE +7% (!!), ANR +3.54$, PCX +5.16%. MEE closed above $54 at a new 52-week high. I think it is going higher and […]
Last weekend, in my Market Forecast, I wrote:
"For the new week, the passage of the historic health bill may inspire more profit-taking, as now, there are more uncertainties. Besides what affect the new health legislation will have on the health care and insurance industry, some analysts are also paying more attention to the on-going discussions on financial regulations. […]
By HappyTrading
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Posted in PTR, FXI, FMCN, XLF, BIDU, HES, CEO, SNP, LFC, UPL, APA, XLE, UUP
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March 26, 2010 – 11:29 am
It was a choppy week with quick break outs. We locked profits on some nice trades. Here are the closed trades:
March 25, 2010
12:34 | HappyTrading AMZN ($136.20) Sold to Close 04C130 Apr 130 calls, at $8.00 +60%
11:29 | HappyTrading GOOG ($565.80) Sold to Close 04C580 Apr 580 calls, at $11.10 +54%
10:50 | […]
This morning, the market rallied to a new 52-week high today, as jobless claims fell. In addition, QCOM raise its 2nd quarter guidance, while BBY reported a strong quarter with solid forecast. QCOM shares added +4.98% to close at $42.19; it traded as high as $43.84! BBY gapped up to $44.79, but, came down to […]
By HappyTrading
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Posted in GOOG, AAPL, PCLN, QCOM, AMZN, BBY, CLF, BTU, ACI, MEE, WLT
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MASSIVE gains in BBY, QCOM, CME booked today!
March 25, 2010
09:20 | Bagger Vance CME ($324.00) Sold to Close CME 041710 320 C Apr 320 calls, at $10.30 +66%
06:57 | Bagger Vance QCOM ($43.25) Sold to Close AAO 04172010 37 C Apr 37 calls, at $6.35 +159%
06:56 | Bagger Vance BBY ($44.65) Sold […]
As expected, the market saw profit-taking today. Commodities were pressured as the dollar jumped. Euro sank lower as European leaders tried to find a solution to Greek credit crisis. Gold sank below $1090/ounce and oil slipped below $81/barrel. Bucking the trend, coal stocks stayed strong: CLF +2.93% (new 52-week high), WLT +1.13% (new 52-week high), […]
The market spent most of the day in the positive territory. In the last couple of hours, the rally accelerated into the close. Miners have been weak, but, they roared back up today. WLT jumped $5, or +5.79%, to close at $91.3; that’s $9 up from yesterday’s open! CLF added +6.87%. X was up +4.94% while […]
By HappyTrading
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Posted in AAPL, X, RTP, ADBE, ORCL, JOYG, BUCY, CLF, DE, CAT, NUE, WLT
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![[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)
