November 5, 2008 – 6:01 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market could not sustain its winning streak today, and saw selling across the board. Yesterday, I said in my evening post,“SPX and Nasdaq are both testing their 30-day MAs. SPX closed above 1000. These are the initial resistances that we look at this weekend […]
November 4, 2008 – 6:10 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
After a day of resting, the market continued to rally on the election day! Most sectors were higher. Biotechs were weak. Gold miners and oil services led the rally: AEM +19.74%; ABX +14.24%; DO +7.77%; NOV +10.8%; RIG +8.44%; FWLT +19.02%; FLR +13.76%. FWLT is reporting earnings […]
November 3, 2008 – 5:51 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market was slow today and ended pretty much flat at the close. Not much actions before the “election day”. Biotechs and clean energy group saw some strength. Oil plays were weak. Solar stocks led the market: FSLR +12.67%; SPWRA +12.85%, ENER +15.23%; TSL +25.64%; LDK +23.2%. […]
November 2, 2008 – 3:14 pm
Sector Watch
UUP (dollar)Last weekend, we were looking at UUP hitting some resistance between $27-$28. On Monday, it got there and preceded to let off some steam. It hit $26 on Thursday and jumped back up on Friday. The chart still looks bullish, especially with UUP closing above the 10-day MA. UUP could retest that $27-$28 resistance […]
October 30, 2008 – 3:56 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
After losing its gains in the last 15-minutes of trading yesterday, the market was able to “add” to the gains in the last 15 minutes today. It was another volatile day, but, the market stayed pretty much green throughout. The GDP report was not as bad […]
October 29, 2008 – 4:57 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
Last night, I commented, “The market could probably carry this upward momentum into the morning. Then, things will likely get volatile before and after the Fed announcements.” The marke showed strength through most of the day. It started to lose steam before the Fed announcements, and dropped […]
October 28, 2008 – 4:34 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The day after nearly testing 8000, the Dow came back and rallied above 9000, closing at 9065.12! The market was weak in the morning, but rallied hard in the last hour. Strength was seen across the board. Even commodity-related sectors went higher. Financials lead the pack: […]
October 27, 2008 – 4:25 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
This weekend, in my Market Forecast, I wrote,“The big thing to watch this week is the 10-day MA (red line) on major indices. If the 10-day MAs curve down, it could signal further slide in the markets.”
What did I mean by that? Let’s take a look at […]
October 26, 2008 – 5:25 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
Last weekend, in my Market Forecast, I said,For the new week, what we should be looking for is a bullish crossover on the MACDs. The MACDs (the red lines) are now very close to MACD signals (the green lines). If the red lines cross over above the […]
October 23, 2008 – 5:18 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market was strong in the morning, but, soon faded into the red. However, in the last hour, the market bounced and was able to close in the green. Energy and oil stocks were strong today: DO +14.51%; RIG +4.27%; NOV +9.4%; SLB +4.62%; DVN +4.73%; […]
![[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)
