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Category Archives: BAC

Energy Stocks Jump On Merger! SPX, Nasdaq, XOM, XTO, APA, DVN, UPL, ECA, CSIQ, TSL, SOLF, LDK, C, WFC, V, MA, COF, BAC, C, WFC

December 14, 2009 – 6:05 pm

Last night, Dubai received a $10 billion bailout from Abu Dhabi.  This morning, XOM announced a $31 billion deal to buy XTO, sending XTO stock up more than +15%!  Other stocks in the energy sector jumped as well:  APA +4.09%, DVN +4.55%, UPL +3.78%, ECA +4.99%.  Besides natural gas companies, solar stocks were also up:  [...]

By HappyTrading | Also posted in APA, C, COF, CSIQ, DVN, ECA, LDK, MA, SOLF, TSL, UPL, V, WFC, XOM, XTO | Comments (0)

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

December 6, 2009 – 9:36 pm

Last weekend, in my Market Forecast, I wrote: "Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market.  VIX jumped to test 26 on Friday and closed just below 25.  However, SPX’s daily MAs have just developed into a new bullish formation!  There are still [...]

By HappyTrading | Also posted in ALTR, AMAT, BRCM, CVX, GLD, GS, INTC, JPM, MRVL, SOXX, TXN, WFC, XLE, XLF, XOM | Comments (0)

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

November 22, 2009 – 7:42 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, a strong move to open the week should push the market above SPX 1100.  If the market does close above SPX 1100, we should see a new bullish formation on SPX’s daily chart.  We should see new buyers rush into the market, if [...]

By HappyTrading | Also posted in AKS, CLF, FCX, GLD, GS, MEE, OIH, PNC, X, XLF, XME | 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, AEM, APA, AXP, BLK, CVX, GDX, GLD, GS, JPM, MA, OXY, PNC, RGLD, SLB, V, WFC, XLE, XLF, XOM, gold | 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 AEM, CNX, GOOG | Comments (0)

Energy Stocks Keep The Market Up! SPX, Nasdaq, SLB, DO, NOV, HAL, GOOG, IBM, GS, BAC

October 15, 2009 – 5:16 pm

This morning, Goldman Sachs (GS) reported stronger-than-expected earnings.  But, since the financials jumped so much yesterday, investors locked in profits and traded the sector lower.  GS slipped 1.9% for the day.  However, energy stocks were very strong, as oil reached a new year-high at almost $78/barrel.  Oil services were especially strong: SLB +4.16%, DO +3.35%, [...]

By HappyTrading | Also posted in DO, GOOG, GS, HAL, IBM, NOV, SLB | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, USO, UUP, GLD, XLF, INX2

October 11, 2009 – 9:32 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market will start out with a slightly weaker stance.  However, if the market can hold its support levels (SPX 1025; Nasdaq 2050), the market can bounce right back up.  The market will need to stay strong right from the beginning.  Earnings season [...]

By HappyTrading | Also posted in AMZN, GLD, GOOG, GS, INX2, JPM, PCLN, USO, UUP, XLF | Comments (0)

Financials And Techs Stay Strong! SPX, Nasdaq, GOOG, BIDU, AAPL, MA, V, GS, BAC, WFC, COF, AA

October 7, 2009 – 4:37 pm

Last night, in my article, I said that "we might see some volatility in the morning as the market fights around this pivot point."  Indeed, the market opened lower, but, quickly bounced back.  Then, it spent most of the morning and early afternoon fluctuating around the flatline.  However, it managed to closed just in the [...]

By HappyTrading | Also posted in AA, AAPL, BIDU, COF, GOOG, GS, MA, V, WFC | Comments (0)

Commodity Sectors Lead The Market Bounce: SPX, Nasdaq, BTU, MEE, CNX, ACI, WFC, BAC, COF, GS, NTRI

October 5, 2009 – 7:15 pm

The market opened with strength today, cheering the positive data from the service industry.  The raising in ratings on big banks by Goldman Sachs also gave the market a boost.  Commodity sectors were mostly stronger, with coal stocks leading the way:  BTU +4.09%, ACI +5.42%, CNX +5.76%, ACI +5.42%.  Financial sector also recorded solid gains:  WFC [...]

By HappyTrading | Also posted in ACI, BTU, CNX, COF, GS, MEE, NTRI, WFC | Comments (0)

Choppy Trading On “Fed Day”: SPX, Nasdaq, BLK, GS, WFC, JPM, BAC, RIMM

September 23, 2009 – 5:26 pm

As expected, the Fed left the interest rates unchanged.  The market stayed strong most of the day, with a push to its day high immediately after the fed announcements.  But, the rally soon faded and the market sold off into the close. This morning, BLK received an upgrade to "Buy" with a $230 price target.  [...]

By HappyTrading | Also posted in BLK, GS, JPM, RIMM, WFC | Comments (0)