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Category Archives: BTU

Commodity Sectors Rise As Market Extends Rally! SPX, Nasdaq, RIG, DO, SLB, NOV, CNX, BTU, MEE, CLF, ESI, APOL, LIZ

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%, [...]

By HappyTrading | Also posted in APOL, CLF, CNX, DO, ESI, LIZ, MEE, NOV, RIG, SLB | 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, BAC, CNX, COF, GS, MEE, NTRI, WFC | Comments (0)

More Profit-Taking To Let Off Steam! SPX, Nasdaq, AEM, GOLD, BTU, MEE, CNX, RIMM, AAPL

September 24, 2009 – 7:08 pm

Even though the jobs data was favorable this morning, the commodity sectors remained weak.  It was a signal that profit-taking was going to continue.  Crude oil and gold prices fell further.  Miners dropped lower:  AEM -5.22%, GOLD -3.41%, BTU -2.58%, MEE -4.77%, CNX -3.22%. This morning, I commented in our Trading Room: September 24, 2009 7:51 [...]

By HappyTrading | Also posted in AAPL, AEM, CNX, MEE, RIMM, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, UUP, XME, MOO

September 20, 2009 – 9:29 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, Monday may be a bit shaky, as the market needs to let off some more steam.  But, as long as the market does not fall too far below the daily upper BB, it should stay strong.  SPX 1030 and Nasdaq 2050 will be [...]

By HappyTrading | Also posted in ACI, AKS, APA, BAC, CLF, CNX, DVN, GS, JPM, MEE, MOO, MOS, NUE, POT, USO, UUP, WFC, XLF, XME, XTO | Comments (0)

Commodity Sectors Jump Again! CNX, BTU, CLF, X, AKS, NUE, FSLR, SPWRA, TSL, STP, POT, MOS

September 15, 2009 – 8:43 pm

The market continued with its graduate ascend.  Commodity sectors were strong again!  Yesterday, I wrote about the coal stocks.  Today, they pushed higher:  CNX +4.47%; BTU +2.11%; CLF +5.1%.  Yesterday, we bought CNX Oct 42 calls: September 14, 2009 07:46 | HappyTrading CNX ($42.20) Bought to Open SDFJP Oct 42 calls, at $2.69 Today, we [...]

By HappyTrading | Also posted in AKS, CLF, CNX, FSLR, MOS, NUE, POT, SPWRA, STP, TSL, X | Comments (0)

Biotech Index At New All-Time Closing High! GS, HIG, PRU, AIG, CNX, BTU, ACI, MEE, DNDN, SPPI, HGSI, PDLI, INCY

September 14, 2009 – 8:21 pm

The market opened lower today, but, closed in the green, again!  As I mentioned in my Market Forecast on Sunday, "[T]he market needs to let off some more steam."  It did so in the morning.  We continued to discussed the importance of the commodity sectors, which were mostly in the red on Monday morning.  But, [...]

By HappyTrading | Also posted in ACI, AIG, CNX, DNDN, GS, HGSI, HIG, INCY, MEE, PDLI, PRU, SPPI | Comments (0)

Commodity Trades Still On! SPX, Nasdaq, AEM, PAAS, FCX, X, BTU, DO, RIG, SLB

September 10, 2009 – 7:41 pm

Last night, in my evening article, I said, "The commodity sectors took a breather today.  Coals and steels, however, were mostly green.  Gold and silver plays finally saw some profit-taking today, but, I don’t think they are done going up.  We’ll see if the commodity sectors can draw new buyers in tomorrow and resume their [...]

By HappyTrading | Also posted in AEM, DO, FCX, PAAS, RIG, SLB, X | Comments (0)

Commodity Sectors Push SP 500 To New Height: SPX, Nasdaq, FCX, X, CNX, BTU, MEE, CLF, LVS, WYNN, WMS

August 13, 2009 – 6:35 pm

After yesterday’s strong showing, the market pushed higher today.  In my article last night, I said, "I think we’ll need to see the commodity sectors push higher in order for the broader market to break above the recent resistance levels." Today the commodity sectors responded.  Miners were very strong.  FCX closed above $66 with a [...]

By HappyTrading | Also posted in CLF, CNX, FCX, LVS, MEE, WMS, WYNN, X | Comments (0)

Market Rally Continues! SPX, Nasdaq, CIT, HGSI, TXN, LM, JDAS, V, MA, AXP, FCX, X, BTU, RTP

July 20, 2009 – 4:35 pm

After hearing that CIT managed to secure a financing deal, the market opened higher.  Commodity sectors led the charge (see Sector Watch from last night’s article).  Miners were especially strong:  FCX added +2.7% (earnings tomorrow morning); X jumped +5.51%; BTU was up +5.04% (upgrade today); RTP hopped $6.5!  Credit card companies also traded higher:  V [...]

By HappyTrading | Also posted in AXP, CIT, CLF, CNX, FCX, HGSI, JDAS, LM, MA, MEE, PCU, RTP, TXN, V, X | Comments (0)

SPX Turns Positive For The Year! SPX, Nasdaq, MEE, CNX, ACI, BTU, GS, BAC, WFC, JPM, STI

May 4, 2009 – 8:34 pm

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After closing above SPX 875 and Nasdaq 1700 last week, the market opened strongly and rallied until the close!  In our Trading Room today, a member asked about SPX 900 being a resistance: yagezilla May 4, 2009 9:03 AM Happy: Is next resistance 900 spx? I [...]

By HappyTrading | Also posted in ACI, BAC, CNX, GS, JPM, MEE, STI, WFC | Comments (0)