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, CME, MOT, GLW, PBW, CLF, AEM, WLP, V, BP
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Over the Memorial Day Weekend, BP had failed to stop the oil leak in the Gulf of Mexico. Out of the gate, the oil services sector gapped lower. Further, the government announced criminal and civil investigations into the oil spill. BP stock tumbled 14.97%! Other oil services companies took a hit as well: RIG -11.85%, DO […]
By HappyTrading
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Also posted in AAPL, AMGN, DO, RIG, SLB, APOL, CLF, APA, BTU, ACI, WLT, BP, APC, BHI
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Last weekend, in my Market Forecast, I wrote:
"For the new week, the market certainly has room to rise. But, it’ll have to break above SPX 1120 to go higher. The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes. (What they really should do […]
By HappyTrading
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Also posted in GS, GLD, XLF, XME, USO, BTU, ACI, MEE, PCX, BAC, WLT
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The market started out strong today. Although it gave back some gains in the afternoon, it managed to close in the green. Gold rallied today to above $1130/ounce. Miners led the market. Besides the gold miners, coal stocks were also very strong. WLT made a new 52-week high, closing at $84.53 and traded above $85/share. […]
February 23, 2010 – 8:41 pm
After an unexpected drop in consumer confidence, the market dropped quickely and stayed weak. Solar stocks were especially weak as FSLR was downgraded. FSLR shares stumbled 6.46%. Other solar stocks also fell, including TSL -2.96%, CSIQ -7.06%, YGE -3.59%. Commodity sectors were mostly down, with coal stocks leading the way: MEE -6.24%, CNX -5.57%, BTU […]
February 16, 2010 – 4:06 pm
Stocks rallied today, led once again by the commodity sectors. As I have been saying for a week now, "The dollar is very strong, but, perhaps needs a breather. Commodity sectors could see buyers rushing in if the dollar pulls back." The dollar finally got a meaningful pullback today, sending SPX towards 1100.
Over the long […]
By HappyTrading
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Also posted in POT, GLD, MOS, X, RTP, CF, TSL, AGU, TRA, CLF, BTU
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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, BTU, ACI, 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 […]
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