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Category Archives: ABX

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

April 28, 2010 – 4:35 pm

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 [...]

By HappyTrading | Also posted in AKAM, BIDU, CLF, FAS, FSLR, GMCR, HPQ, NFLX, PALM, POT, WLT | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, GOLD, AEM, NEM, ABX, PAAS, GS, MS, JPM, BAC, WFC

April 11, 2010 – 7:03 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we should see strength in the market early in the week.  Friday’s jobs report actually paints a very good scenario for the stock market.  While jobs were added, the unemployment rate was left unchanged.  This should help to keep a lid on the [...]

By HappyTrading | Also posted in AEM, BAC, GS, JPM, MS, NEM, PAAS, WFC, gold | Comments (0)

Market Wobbles After Economic Data: SPX, Nasdaq, DO, RIG, GOLD, ABX, RGLD, OSTK, RIMM, LIHR

March 31, 2010 – 6:42 pm

The market started the day on the weak side with a weaker-than-expected ADP payroll report.  However, oil and gold rose, as the dollar slipped.  The commodity sectors kept the market from falling too much.  Oil Services were very strong.  DO bounced +3.98% while RIG added +3.86%.  Gold miners also advanced:  GOLD +3.42%, ABX +1.54%, RGLD +1.56%. During the day, [...]

By HappyTrading | Also posted in DO, LIHR, OSTK, RGLD, RIG, RIMM, gold | Comments (0)

Market Forecast + Sector Watch + Weekly Wrap: SPX, Nasdaq, UUP, GLD, USO, BTK

February 21, 2010 – 8:43 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, if SPX can push above 1080, the market could rally higher to test 1100.  Above 1100, 1120 is the next resistance.  Tech stocks should continue higher if the market environment is strong.  Gold is ready to push higher.  We’ll also be watching to [...]

By HappyTrading | Also posted in AAPL, AMGN, AMZN, BTK, CELG, GENZ, GILD, GLD, GOOG, Market Forecast + Sector Watch + Weekly Wrap: SPX, Nasdaq, RIMM, TEVA, USO, UUP | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, BTK

January 10, 2010 – 10:59 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate.  With the MACD turning lower, we could see another couple of days of profit-taking in various sectors.  It will be important for SPX to hold [...]

By HappyTrading | Also posted in AA, BAC, BIIB, BTK, CELG, DO, GLD, GS, INTC, JPM, RIG, SLB, TEVA, USO, WFC, XLF, gold | Comments (0)

Time To Look At Gold Again? SPX, Nasdaq, DO, SLB, RIG, GLD, GOLD, ABX, RGLD, GS, WLP, AET, CI, UNH

December 8, 2009 – 9:01 pm

The dollar continued to climb higher today and gold followed lower.  Gold has come down about $100/ounce in 3 trading sessions, closing just around $1128/ounce from a high of about $1228/ounce last Thursday.  GLD, the gold ETF, has faltered from a recent height of $119.54 to today’s close of $110.95.  Gold miners have also fallen [...]

By HappyTrading | Also posted in AET, CI, DO, GLD, GS, RGLD, RIG, SLB, UNH, WLP, gold | Comments (0)

Market Rises To New Heights! SPX, Nasdaq, GLD, SLV, GOLD, ABX, NEM, CNX, BTU, ACI, MEE, ZOOM, SINA

November 16, 2009 – 6:11 pm

This morning, retail sales numbers came in better than expected.  Investors were seemingly encouraged by the data and proceeded to push the stocks higher.  Gold, once again, made new highs, trading above $1140/ounce.  Oil also went higher.  Commodity sectors bounced today.  Coal stocks were particularly strong:  BTU +5.51%, ACI +2.9%, CNX +4.21%, MEE +6.08%.  In the morning, [...]

By HappyTrading | Also posted in ACI, BTU, CNX, GLD, MEE, NEM, SINA, SLV, ZOOM, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, GDX, XLF, XLE

November 15, 2009 – 9:43 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position.  If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher.  The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150.  Although VIX closed below [...]

By HappyTrading | Also posted in AEM, APA, AXP, BAC, BLK, CVX, GDX, GLD, GS, JPM, MA, OXY, PNC, RGLD, SLB, V, WFC, XLE, XLF, XOM, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD

November 8, 2009 – 8:49 pm

Last weekend, in my Market Forecast, I said, "For the new week, it looks like the market is trying to send the Fed a message before the FOMC meeting on Wednesday.  What the market is trying to show is the potential "double-dip" if the Fed pulls out liquidity measures too soon.  On Friday, the market will get the latest unemployment rate [...]

By HappyTrading | Also posted in AMAG, AMGN, AXP, BIIB, BTK, CELG, GDX, GLD, MA, NEM, OSIP, PNC, RGLD, V, WFC, XLF, gold | Comments (0)

Fed Leaves Rates At Historical Lows: SPX, Nasdaq, GLD, ABX, GOLD, CSCO, QCOM, NWSA, PRU

November 4, 2009 – 8:00 pm

This morning, in our Trading Room, a member asked about what to expect immediately after the Fed’s rate decision annoucement: angar November 4, 2009 6:58 AM Good morning happy. are you expecting rally after Fed meeting today? I replied: November 4, 2009 7:18 AM Fed don’t have big expectations, besides volatility, but, if SPX can [...]

By HappyTrading | Also posted in CSCO, GLD, NWSA, PRU, QCOM, gold | Comments (0)