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Monthly Archives: April 2010

Market Cheers Better Jobs Report: SPX, Nasdaq, FSLR, TSL, RIG, BP, ESI, APOL, DV, GS

The market was very strong today, cheering solid earnings and falling jobless claims.  As the market rose, BP and RIG turned the other direction, as the situation of the oil spill from the rig explosion got worse and turned into a crisis.  BP tumbled 8.34% and RIG fell 7.45%.  This incident further pressures the White House [...]

Market Keeps Gains On Fed: SPX, Nasdaq, FAS, NFLX, POT, CLF, WLT, FSLR, BIDU, GMCR, AKAM, PALM, HPQ, ABX

As expected, the market was volatile and saw some buying after yesterday’s sharp selloff.  Also as expected, the Fed kept interest rates unchanged, at historic lows.  We locked in some more profits today and also cut the loss on POT ahead of its earnings tomorrow morning: April 28, 2010 11:23 | HappyTrading POT ($109.20) Sold [...]

It Was Prudent To Be Cautious! SPX, Nasdaq, GLD, FAS, NFLX, MA, V, AXP, COF, BWLD, CLF, WLT

We were on the cautious side last week as the market pushed higher.  In our Trading Room, I commented on Thursday last week: April 21, 2010 1:12 PM gold plays may be the best long plays right now… This weekend, in my Market Forecast, I said, "…if any unfavorable news come out of the financial [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLE, XME, ACI, PCX, ANR, BTU, WLT, CLF, APA, OXY, HES, UPL, DVN, BHI, SLB, NOV

Last weekend, in my Market Forecast, I said: "For the new week, things get a bit tricky.  While earnings are still expected to be strong, the anxiety over possible financial reforms can cast a shadow on the market, especially over the financial sector…  I think we’ll see some follow-through weakness on Monday.  In general, I’d [...]

Once Again, Defying the Odds: RIG, FWLT, POT

We posted some good wins and took some lumps on others, a mixed week but a winner nonetheless. # April 22, 2010 # 07:11 | Bagger Vance GLD ($111.00) Sold to Close GCZ 05222010 113 C May 113 calls, at $1.29 -51% # 07:08 | Bagger Vance TSL ($23.70) Sold to Close TSL 05222010 27 [...]

Nasdaq Makes New Yearly High! AAPL, FFIV, SNDK, NFLX, CMG, ICE, CME, WYNN, LVS, COF, AXP, AMZN, MSFT

The market opened lower today.  The dollar jumped on more worries on Greece and the commodity sectors were weak.  However, jobless claims numbers fell and housing sales jumped.  The market soon staged a dramatic upswing.  Techs led the way.  AAPL reached a new all-time high at $266.75, passing MSFT as the second largest company on [...]

Market Ends Flat In Volatile Trading! SPX, Nasdaq, EBAY, FFIV, NFLX, SNDK, SBUX, QCOM, MSFT, AMZN

Coming off of AAPL’s blow earnings last night, the market had a strong open.  But, sellers came in shortly after the open, and the market sank into the red.  It hung around the flatline for most of the day.  In the late afternoon, the market experienced a quick drop only to see buyers come back [...]

Calm Before the Storm: RIG, FWLT, POT

Another stellar day of BOOKED gains for us!  We hit a BIG triple, and with more to come!  $$$$ April 20, 2010 10:03 | Bagger Vance FWLT ($31.50) Sold to Close UFB 05222010 30 C May 30 calls, at $2.15 +115% 08:12 | Bagger Vance RIG ($92.50) Sold to Close RIG 05222010 90 C May [...]

AAPL Delivers Blowout Earnings! SPX, Nasdaq, GS, C, AIG, RIG, DO, SLB, NOV, AAPL, ALTR, BRCM, JNPR

The market was very strong today, led by the energy stocks.  Oil bounced today and oil services stocks beckoned inverstors back in.  RIG added +4.24%, with an additional news of a successful trading debut on the Swiss Exchange.  SLB was up +4%; DO bounced +3.88%; and, NOV rose +3.53%.  It does look like this sector [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLF, INX2, QCOM, AMGN, EBAY, FFIV, SNDK, MEE, EMC, FCX, BA, MCD, AAPL, IBM, BTU, AMZN, MSFT, MDC, PCX

Last weekend, in my Market Forecast, I wrote: "For the new week, the help that eurozone governments have committed to Greece should inspire the market to a strong start.  We could easily see SPX 1200 tested.  Nasdaq can rise to test 2480.  We’ll also see the beginning of the earnings season, with AA reporting after [...]