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Category Archives: ABX

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK

September 19, 2010 – 7:05 pm

The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB.  Once there, the market should be able to sail higher.  The immediate resistances are still SPX 1200 and Nasdaq 2300.  [...]

By HappyTrading | Also posted in APA, APC, BLK, GLD, GS, HES, MA, NEM, NOV, XLE, XLF, XME, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XME, GLD, USO, MOO, AGU, POT, MOS, CF, GOLD, NEM, ABX, CLF, X, WLT, FCX

August 29, 2010 – 7:31 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, the technicals are still carrying a bias to the downside.  The M&A activities and the speculations for them are offsetting the inconsistency in the latest economic reports.  The M&A activities are bringing buyers into some sectors.  However, the industrials have been weak on [...]

By HappyTrading | Also posted in AGU, CF, CLF, FCX, GLD, MOO, MOS, NEM, POT, USO, WLT, X, XME, gold | Comments (0)

Market Bounces After 4 Days of Selling: SPX, Nasdaq, GOOG, AAPL, RIMM, AMZN, AKAM, PCP, MLM, GLD, SLV, PAAS, GOLD, ABX, NEM, TLT

August 25, 2010 – 3:58 pm

This morning, after more lousy housing and durable goods data, the market sank lower.  We took the opportunity to lock in our profits on the downside plays: August 25, 2010 10:56 | HappyTrading MLM ($72.30) Sold to Close 09P75 Sep 75 puts, at $4.30 +62% 07:34 | HappyTrading PCP ($111.70) Sold to Close 09P115 Sep [...]

By HappyTrading | Also posted in AAPL, AKAM, AMZN, GLD, GOOG, MLM, NEM, PAAS, PCP, RIMM, SLV, TLT, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, INX2, XME, POT, MOS, AGU, CF, PCLN, MFE, GOOG, NEM, ABX, GOLD

August 22, 2010 – 7:43 pm

Last weekend, in my Market Forecast, I forecasted, "For the new week, the latest development in the charts are certainly not bullish.  However, it may not necessarily dictate a breakdown.  If SPX 1080 does not hold, the next support is 1060, set back in mid-July.  The market could still be range-bound, and, is very mixed." As [...]

By HappyTrading | Also posted in AGU, CF, GLD, GOOG, INX2, MFE, MOO, MOS, NEM, PCLN, POT, XME, gold | Comments (0)

Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE

July 1, 2010 – 4:57 pm

On Tuesday, in my evening article, I said, "There is some resistance at 36 for VIX.  We may see shorts start to cover some positions before Friday’s unemployment report.  Profit-taking happens on the downside, too!  There’s a lot of focus on the SPX 1040.  If that does not hold, the next soft support is SPX [...]

By HappyTrading | Also posted in AAPL, AMZN, APC, BP, CMG, DO, FDX, FXE, GLD, NEM, Nasdaq, RIG, UPS, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, XLF, GLD, USO, XME, OIH, XLF, GS, CME, ICE, BP, GOLD, NEM, ABX

June 27, 2010 – 9:10 pm

Last weekend, in my Market Forecast, I said: "For the new week, the market looks to be on its way to break higher.  The daily upper BBs have opened up; the 10-day MAs are crossing above the 20-day MAs.  In addition, the 30-day MAs are trying to turn up.  These are all bullish signals.  This weekend, China [...]

By HappyTrading | Also posted in BP, CME, GLD, GS, ICE, NEM, OIH, USO, XLF, XME, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH, XLF, GLD, XME, OIH, GS, NEM, ABX, GOLD, CLF, BHP, BP, APC, RIG, AAPL

June 13, 2010 – 7:20 pm

Last weekend, in my Market Forecast, I said: "For the new week, with both SPX and DJI ending below major support levels (SPX 1080 and DJI 10,000), the market can see additional selling pressure.  Energy sectors still look weak, with oil spill in the Gulf looking to extend into the fall, although the containment cap [...]

By HappyTrading | Also posted in AAPL, APC, BHP, BP, CLF, GLD, GS, NEM, OIH, RIG, XLF, XME, gold | Comments (0)

Market Bounces Back From 6-Month Low! GS, DO, RIG, BP, SLB, CLF, BTU, MEE, GOLD, NEM, ABX

May 25, 2010 – 8:15 pm

The market gapped lower this morning and touched a new 6-month low.  The Dow briefly slumped below 9,800, while SPX almost touched 1040.  But, the market staged an impressive rally to close just about flat.  GS led the financials with a +4.29% gain, closing above the $140 level. The beaten-down commodity sectors led the bounce.  [...]

By HappyTrading | Also posted in BP, BTU, CLF, DO, GS, MEE, NEM, RIG, SLB, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP

May 16, 2010 – 8:06 pm

Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside.  We can see that the daily MAs in both SPX and Nasdaq are curving down.  On Monday, we may see an attempt to bounce; others may call it a relief rally.  First resistances will be SPX 1130 [...]

By HappyTrading | Also posted in APA, AXP, BTK, GLD, HES, MA, NEM, OIH, OXY, V, XLE, XLF, gold | Comments (0)

Gold Soars To New High! SPX, Nasdaq, GOLD, NEM, ABX, GG, RGLD, BIDU, AAPL, DIS, ERTS, CTRP

May 11, 2010 – 6:02 pm

Gold jumped out of the gate today and did not look back, closing above $1230/ounce.  In the morning, in our Trading Room, I commented: May 11, 2010 7:14 AM  gold plays breaking out! May 11, 2010 8:11 AM GOLD could see $90+!! We did get in on GOLD May 85 calls and cashed out for [...]

By HappyTrading | Also posted in AAPL, BIDU, CTRP, DIS, ERTS, GG, NEM, RGLD, gold | Comments (1)