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Monthly Archives: March 2010

Market Takes Time To Breathe: SPX, Nasdaq, GS, MA, V, AIG, C, FNM, FRE, AAPL, BIDU, ITMN, FACT, CSCO

March 9, 2010 – 5:34 pm

This weekend, in my Market Forecast, I said, "…the market has gone quite far, so it may need a breather through the mid-week."  This is what the market is doing right now, basically trading sideways.  Still, there are pockets of new breakouts.  Financials continued to be strong with GS briefly topping over $172 per share, [...]

By HappyTrading | Posted in AAPL, AIG, BIDU, C, CSCO, FACT, FNM, FRE, GS, ITMN, MA, V | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, USO, XME, MEE, BTU, WLT, CNX, ACI, PCX, AKS, GS, BAC

March 7, 2010 – 9:37 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market certainly has room to rise.  But, it’ll have to break above SPX 1120 to go higher.  The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes.  (What they really should [...]

By HappyTrading | Posted in ACI, BAC, BTU, CNX, GLD, GS, MEE, PCX, USO, WLT, XLF, XME | Comments (0)

Better Economic Data Inspire The Market: SPX, Nasdaq, GS, GOOG, AMZN, ANF, DNDN, TIVO, PETM, HIG

March 4, 2010 – 8:46 pm

This morning, better retail sales numbers got the market in a cheerful mood.  In addition, jobless claims were less than expected.  Financials rallied, led by GS, which added +5.89, or +3.73%.  Techs were also strong, led by GOOG and AMZN.  After being "dormant" for the past 2 months, GOOG and AMZN had awakened in the [...]

By HappyTrading | Posted in AMZN, ANF, DNDN, GOOG, GS, HIG, PETM, TIVO | Comments (0)

Miners Keep The Market Up! SPX, Nasdaq, WLT, CNX, MEE, ACI, CF, POT, MOS, AGU, TRA, MDVN

March 2, 2010 – 9:52 pm

The market started out strong today.  Although it gave back some gains in the afternoon, it managed to close in the green.  Gold rallied today to above $1130/ounce.  Miners led the market.  Besides the gold miners, coal stocks were also very strong.  WLT made a new 52-week high, closing at $84.53 and traded above $85/share.  [...]

By HappyTrading | Posted in ACI, AGU, CF, CNX, MDVN, MEE, MOS, POT, TRA, WLT | Comments (0)

Market Makes Gains On Merger Deals: AIG, MIL, OSIP, INCY, MDVN, BIIB, ONXX, BMRN, HGSI, NFLX, BIDU, ISRG, PCLN, GLD, GOLD, AMZN

March 1, 2010 – 9:26 pm

The market was very strong today, inspired by a few merger/acquisition deals.  This weekend, news reported that AIG was making a deal to sell its Asia-based life insurer AIA Group.  AIG was up +4.08% today.  This afternoon, it was confirmed that the British insurer Prudential PLC will acquire AIG’s Asian unit for $35 billion.  In [...]

By HappyTrading | Posted in AIG, AMZN, BIDU, BIIB, BMRN, GLD, HGSI, INCY, ISRG, MDVN, MIL, NFLX, ONXX, OSIP, PCLN, gold | Comments (0)