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Category Archives: AEM

Gold Soars To New Record High! SPX, Nasdaq, GLD, GOLD, NEM, AEM, BBY, RDWR, MA, V, GS, CME, GOOG

September 14, 2010 – 4:52 pm

Gold popped higher today to a new record high, trading around $1270/ounce.  Gold miners were equally strong:  GOLD +4.39%, NEM +4.02%, AEM +3.63%.  This morning, retail sales came in better-than-expected.  In addition, BBY delivered a bullish quarter, sending its stock up +6%.  MA and V bounced on the news.  MA added +3.48% and V climbed +2.5%.  [...]

By HappyTrading | Also posted in BBY, CME, GLD, GOOG, GS, MA, NEM, RDWR, V, gold | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU

July 25, 2010 – 7:35 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in…  The market is barely being supported by its daily MAs.  A quick dip could send it to test SPX 1040 again.  It’ll be up to the earnings again.  Monday and Tuesday could induce big [...]

By HappyTrading | Also posted in AKAM, AMGN, BP, BRCM, CLF, CME, CNX, FSLR, GLW, INTC, MOT, NOV, PBW, POT, QCOM, SMH, SOHU, SOXX, V, WLP, XLF, XME | Comments (0)

Some Profit-Taking, As Expected: SPX, Nasdaq, AAPL, GOOG, FDX, AEM, NEM, GOLD, BP, RIG, APC

June 16, 2010 – 4:44 pm

Yesterday, in my article, I mentioned that we should see some profit-taking and more volatility.  This morning, the latest economic data were mostly positive with solid industrial production and benign inflation numbers.  Housing starts, however, dropped.  The market was a little soft at the open, but, pushed higher in mid-day; only to lose most of [...]

By HappyTrading | Also posted in AAPL, APC, BP, FDX, GOOG, NEM, RIG, gold | 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 ABX, BAC, GS, JPM, MS, NEM, PAAS, WFC, gold | Comments (0)

Fed Feeds The Market To New High! SPX, Nasdaq, CLF, WLT, ACI, PCX, MEE, GOLD, NEM, AEM, SLB, DO, RIG

March 16, 2010 – 5:23 pm

In my Market Forecast (click here) this weekend, I said, "Many tech and financial leaders could use a breather.  On Tuesday, we have the FOMC meeting.  The market may act undecidedly ahead of the meeting.  If the market slips ahead of Fed’s rate decisions but manages to keep close to SPX 1150, we could get another bump [...]

By HappyTrading | Also posted in ACI, CLF, DO, MEE, NEM, PCX, RIG, SLB, WLT, 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 ABX, APA, AXP, BAC, BLK, CVX, GDX, GLD, GS, JPM, MA, OXY, PNC, RGLD, SLB, V, WFC, XLE, XLF, XOM, gold | Comments (0)

Gold At New Record High! SPX, Nasdaq, GLD, SLV, GOLD, ABX, AEM, PAAS, TSL, STP, YGE, BNI, UNP, CSX

November 3, 2009 – 8:38 pm

It was a volatile morning while stocks bounced around and experienced fast swings in a tight range.  We got shaken out of a couple of trades in the morning.  But, soon, much attention turned to gold as it rallied to a new record high, trading above $1084/ounce!  Gold surged on news that the Reserve Bank [...]

By HappyTrading | Also posted in ABX, BNI, CSX, GLD, Gold At New Record High! SPX, Nasdaq, PAAS, SLV, STP, TSL, UNP, YGE, gold | Comments (0)

Monthly Wrap, Oct 09

October 30, 2009 – 12:24 pm

Wow, what a crazy day, crazy week, and a crazy month!!  VIX is back above 30!  The turn around to the downside today was so quick, we had to close most plays on the long side and traded quickly on the downside.  We were enjoying another fantasic month until this week.  Gave back some gains [...]

By HappyTrading | Also posted in AIG, BIDU, BLK, GOOG, GS | Comments (0)

Weekly Wrap 10/16/09: GOOG, BAC

October 18, 2009 – 1:28 pm

When earnings and options expiration collide, things get volatile.  Such was the case for last week.  Nevertheless, the market made new highs, and the Dow went above 10,000, as it fed the media frenzy!  So far, lots of earnings came in better-than-expected, but, there were also some disappointments. We traded lightly this week as things were [...]

By HappyTrading | Also posted in BAC, CNX, GOOG | Comments (0)

Weekly Wrap 10/9/2009 BIDU, GOOG, FSLR, AEM, CNX, ESI

October 11, 2009 – 7:43 pm

The market had a strong week last week.  Most major sectors recorded solid gains, even the lagging agriculture stocks (MOO) made some progress.  Our trading continued to produce winners; 100% GR$$N yet again (trades with +50% gain or more are highlighted): October 09, 2009 12:26 | HappyTrading BIDU ($427.70) Sold to Close BPJJF Oct 430 [...]

By HappyTrading | Also posted in BIDU, CNX, ESI, FSLR, GOOG | Comments (0)