The market started out in the positive territory as jobless claims fell. However, as I stated last night, "SPX can easily slide down to test 1100 again." SPX went up as high as 1115.9 and quickly turned lower. Around noon, SPX had dropped all the way to 1092. That’s almost 24 points on the SPX, or […]
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 market […]
By HappyTrading
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Also posted in POT, SMH, SOXX, AKAM, INTC, XLF, XME, SOHU, FSLR, NOV, AMGN, QCOM, BRCM, MOT, GLW, PBW, CLF, AEM, CNX, WLP, V, BP
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Last weekend, in my Market Forecast, I said:
"For the new week, the market looks to be on its way to break higher. The daily upper BBs have opened up; the 10-day MAs are crossing above the 20-day MAs. In addition, the 30-day MAs are trying to turn up. These are all bullish signals. This weekend, China announced […]
By HappyTrading
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Also posted in GS, gold, OIH, GLD, XLF, XME, USO, ICE, ABX, NEM, BP
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Just this Monday, things seemed ready to break out with the Chinese yuan finally loosening its peg to the dollar. A couple of bad housing reports and a few days later, this market is at the verge of breaking down again! SPX shot up above 1131 on Monday morning; today, it closed below 1080, at 1073.69. […]
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 […]
By HappyTrading
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Also posted in AKAM, FFIV, ICE, CREE, SNDK, RIG, SLB, HAL, CLF, UPL, APA, BTU, PCX, WLT, BP, EOG
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The market was weak from the open and sank quickly lower into the morning trading. We cashed in the rest of our trade on SHLD for profits as big as +347%, in just 2 days:
May 19, 2010
07:21 | HappyTrading SHLD ($98.80) Sold to Close 05P105 May 105 put, at $7.10 +347%
07:10 | HappyTrading […]
The market opened higher this morning, but, immediately started to slide. Euro was also higher this morning, and it too, slipped from the open. As the Euro went lower and lower, so did the market. If you have been reading my articles, you would know that I have been more and more bearish about the […]
Last weekend, in my Market Forecast, I wrote:
"For the new week, how the market does on Monday will be very important. On Sunday, Euro partners agreed to a $145 billion bailout plan for Greece. We’ll have to see how the market reacts to that piece of news. But, there are potentially more negative news to […]
By HappyTrading
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Also posted in GS, GOOG, OIH, GLD, XLF, XME, PCLN, ICE, INX2, AMZN, NFLX, RIG, AIG, BP
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The market opened lower today. The dollar jumped on more worries on Greece and the commodity sectors were weak. However, jobless claims numbers fell and housing sales jumped. The market soon staged a dramatic upswing. Techs led the way. AAPL reached a new all-time high at $266.75, passing MSFT as the second largest company on […]
By HappyTrading
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Also posted in AAPL, WYNN, LVS, FFIV, ICE, AMZN, SNDK, NFLX, MSFT, CMG, COF, AXP
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Trades
A banner week as we picked off winner after winner!
April 09, 2010
# 06:30 | Bagger Vance RGLD ($52.00) Sold to Close MJQ 04172010 50 C Apr 50 calls, at $1.70 +113%
# April 06, 2010
# 07:43 | Bagger Vance JOYG ($60.30) Sold to Close JQY 041710 60 C Apr 60 calls, at $1.60 +70%
# April 05, […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
