December 23, 2009 – 5:00 pm
This morning, crude inventories came in lower than expected. New home sales was down, but personal spending and salary rose. These were enough to keep investors’ jovial holiday spirit. Energies, coals, and steels (all mentioned yesterday) continued to rise: CNX+4.94%, BTU +2.58%, APA +0.87%, WLT +1.31%.
Internet stocks were hot today. PCLN recorded a new 52-week high, […]
December 22, 2009 – 5:32 pm
This morning, a +7.4% jump in existing home sales gave investors something to cheer about! All top 10 holdings of XHB (S&P Homebuilders ETF) made gains:
BBBY was especially strong, adding +3.48%. Besides the homebuilders, miners were very strong, especial the coal stocks: CNX +4.05%, BTU +3.7%, ACI +5.03%, MEE +2.38%. Steel stocks also pushed higher […]
By HappyTrading
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Also posted in POT, XOM, MOS, X, ACI, CNX, NUE, MEE, AKS, XTO, WLT, BBBY
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December 9, 2009 – 5:41 pm
The market open on the strong side today. It sank down into the red in early afternoon, but, was able to close strongly back into the green! We had a lot of plays going in the Trading Room today.
More than a month ago, I talked about AMSC and that the January calls looked attractive. On November 23, […]
November 17, 2009 – 8:07 pm
The market started out a bit weak, but, managed to came back up to close in the green. Coal stocks were strong today: MEE +5.68%, CNX +1.88%, BTU +2.37%, ACI +2.14%. I mentioned unusual options activities in MEE in last night’s article. Today I bought some Jan 40 calls on MEE and took a quick […]
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, […]
October 29, 2009 – 8:46 pm
This morning, the GDP report was better than expect, coming in at +3.5% (vs. the consensus of +3.2%) for the quarter from July through September. The market was encouraged by the news and rallied back up, after the recent 4-day selloff. The Dow was particularly strong, charging up almost +200 points!! Commodity sectors had sold off hard earlier […]
By HappyTrading
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Also posted in WYNN, LVS, FCX, PCLN, RTP, ABX, CLF, PRU, WFC, PNC, HIG
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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 […]
October 20, 2009 – 5:20 pm
Although both AAPL and TXN reported solid earnings yesterday, they were not enough to draw more buyers in, just yet. The market took a breather as the dollar managed a bounce, which resulted in weakness in the commodity sectors. AAPL closed below the $200 level, up just +4.69% from yesterday’s close. TXN barely kept in […]
October 19, 2009 – 8:22 pm
The market was strong today with commodity sectors leading the rally. Yesterday, in my Sector Watch, we looked at the agriculture sector, as MOO made a solid move higher last week. Today, POT was rumored to be a buyout target for BHP, and, the sector pushed higher! POT opened above $100 this morning and never […]
October 8, 2009 – 7:38 pm
The surprising profit from AA’s earnings report last night certainly gave a boost to the commodity sectors today. In addition, jobless claims fell to the lowest level since January. Oil services sector was especially strong today: RIG +5.04%, DO +2.72%, SLB +2.67%, NOV +4.12%. Coals stocks also pushed higher: CNX +4.23%, BTU +2.72%, MEE +2.68%, […]
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