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Monthly Archives: August 2012

Market Stuck In Waiting Mode + AAPL Vs. GOOG, A Race to $700!

This market has been stuck in a tight range, and, the volume is getting lighter and lighter.  You know what that means!  A big move is coming!  Of course, the question is "Which Way?"  Well, this market has tested SPX 1420, but, was not able to break above.  Just last week, it came down to [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GDX, IGV, XRT, GS, WFC, JPM, RGLD, AEM, GOLD, NEM, CRM, VMW, FFIV, KORS, EXPR, GES, RL, TIF, PVH

Last weekend, in my Market Forecast, we discussed: "For the new week, the market might get a slow start once again. Thursday and Friday’s gains have pushed a lot of charts into the "toppy" area. A little pullback could be healthy, although I suspect things might be mixed as there will be sideliners looking to [...]

Gold Rallies to 3-Month High! SPX, Nasdaq, GLD, SLV, GOOG, AAPL, HPQ, BIG, GES, ADSK, CRM, POT, MOS, MON, CF, AGU

After yesterday’s dovish comments from the Fed, gold continued to rally higher, going above $1670/ounce today!  We cashed out our GLD position at +107% profit: 06:45 | HappyTrading GLD ($161.55) Sold to Close 09C157 Sep 157 calls, at $5.70 +107% (to subscribe to our published trades, please visit our Services Page or CLICK HERE to [...]

SPX 1420 and AAPL New High Reached! SPX, Nasdaq, AAPL, GOOG, BIDU, FAS, GLD, SLV

We have been talking about SPX testing 1420 all last week.  Well, it happened today.  The market pushed higher in the morning, with AAPL hitting almost $675, a new all-time high!  But, right after SPX went above 1420, as high as 1426.68, profit-taking started to happen.  AAPL quickly turned lower, ending the day down more [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GDX, XRT, XLF, MOO, CF, AGU, POT, MOS, MON, GS, WFC, JPM, BAC, AIG, RL, LULU, GPS, KORS, AAPL, GOLD, AEM

Last weekend, in my Market Forecast, I said: "For the new week, the market may get a slow start.  After stuttering for 3 days, this market is ready for a bigger move up, although it may need to slip back a bit.  Upper resistance is still at 1420.  If the market does slip back, support [...]

Weekly Wrap-Up Aug 18, 2012: AAPL, WYNN, FFIV, MA, MOS, AKAM

This market just keeps on gliding up, finishing its 6th week of straight gains, and… we haven’t hit SPX 1420 yet!  This week started slowly for us (and for the market), but, we waited patiently.  On Wednesday, we loaded up on the longside and finished the week with nice gains!  Besides the overnight +265% profit [...]

Now the Top? Think Not! SPX, Nasdaq, FFIV, CRM, VMW, AAPL, WYNN, AKAM, MOS, CSCO, NTAP

In my article on Tuesday, I discussed why I don’t think we’ve seen the market top for the year yet, even though such opinion has just been rampant on the market.  I pointed out some simple things such as TLT (20+ year bond ETF) turning bearish.  Since Tuesday, TLT has dropped another 3 points, from [...]

Triple Top, Market Top? Think Not! SPX, TLT, AAPL, GOOG, GRPN, YELP, FB, ANGI, MNST

Well, this market is having a slow start for the week and seems to be stuck in a tight range, as discussed in the Market Forecast this weekend.  The market almost looked like it was trying to break out.  But, as I commented in the Trading Room this morning, the market looked toppy.  In the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, SOXX, XLE, XLF, BTK, BIIB, ALXN, REGN, AMGN, CELG, MA, V, AIG, GS, OXY, NOV, SLB, EOG, APA, INTC, TXN, ALTR, ASML

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is ready to start the "super rally".  SPX has already caught up with is daily upper BB, which has opened up, hinting for further upward movement.  Nasdaq’s daily MAs have been pinched for nearly 3 weeks and have finally turned up; [...]

Weekly Warp-Up August 11, 2012: GOOG, WYNN, FAS, VMW, FSLR, KLAC, SINA

After rallying higher on Monday and Tuesday, the market basically traded flat, seeing some profit-taking here-and-there, as discussed in my article on Tuesday.  We had an awesome week with many triple-digit gainers, including +180% on Wynn, +163% on VMW, +126% on FSLR, and +107% on CAT.  Here are the closed trades for the week: 12:49 [...]