Happy Labor Day Weekend!! The market experienced a nice change in the sentiment this week, pretty much in accordance with my forecast, which we’ll review tomorrow. Tuesday’s weekness gave the market a quick headfake. Nevertheless, we had another very nice week, with only 1 trade in the red. We used puts on V as a [...]
Category Archives: AKAM
Market Jumps On Better Manufactoring Data: SPX, Nasdaq, CLF, WLT, JOYG, BUCY, AAPL, AMZN, NFLX, GOOG, AKAM
September 1, 2010 – 5:27 pm
The market bolted out of the gate today and never looked back. Last night, China reported a better-than-expected PMI number. Today, our ISM Index also showed better-than-expected manufacturing activity. As discussed in my Market Forecast this weekend, we paid extra attention to the mining sector. Our trade in CLF turned an overnight profit of +60% [...]
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 [...]
No Surprises From The Fed: SPX, Nasdaq, NFLX, AKAM, SPWRA, LDK, CREE, DIS, MA, V
August 10, 2010 – 3:23 pm
The market gapped down at the open today, following Asian markets big drop last night. In the afternoon, the Fed came out with its decision of not changing the interest rate and to take small steps in further stimulating the economy. The market recovered some of its losses, but, still closed lower. NFLX jumped almost [...]
Market Pulls Back On Latest Economic Data: SPX, Nasdaq, GLW, BA, RIMM, V, AKAM, ESRX, GENZ, AZN
July 28, 2010 – 4:51 pm
The market pulled back today after seeing the reported durable goods numbers were lower than expected. Investors may also be cautious ahead of the jobless claims report tomorrow and the GDP on Friday. This morning, GLW reported solid earnings, but, the forward guidance failed to inspire investors. GLW was down 1.89%. BA shares also slupmed [...]
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 [...]
A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM
June 2, 2010 – 4:46 pm
This morning, the latest home sales data came in better than expected. Stocks saw strength right from the start. Energy stocks bounced: SLB +8.81%, HAL +11.96%, APA +4.24%, UPL +10.34%, EOG +6.86%. Coal stocks also attracted buyers back in: WLT +6.13%, CLF +5.95%, PCX +8.95%, BTU +7.65%. The exchanges were very strong as well. Both [...]
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 [...]
Market Tumbles On Weak Commodities! SPX, Nasdaq, DO, APA, NOV, WLT, CNX, MEE, BTU, AKAM, FSLR
October 28, 2009 – 7:36 pm
When the market falls, it falls fast! The dollar continued to glide higher, as investors sell off stocks in the commodity sectors. Oil fell to $77/barrel and gold dropped below $1030/ounce. Miners were extremely weak, led by coal names. Yesterday, MEE reported earnings that beat the estimates, but, revenue was on the soft side. In [...]
Market Mojo
August 11, 2009 – 1:05 pm
Wanted to share with you all a recent article I wrote (below), very brief. Also, to let you know some of the solid winners we’ve been posting of late on happy trading: August 10, 2009 07:32 | Bagger Vance AKAM ($19.76) Sold to Close UMUIR Sep 18 calls, at $2.15 +105% July 30, 2009 06:31 [...]
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