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Category Archives: CNX

Weekly Wrap: Taking More Profits!

It was another solid week for the markets.  We continue to find big winning trades.  Here are the closed trades for the week.  Trades with gains above +50% are highlighted: September 17, 2009 10:32 | HappyTrading FSLR ($150.30) Sold to Close QHBJI Oct 145 calls, at $12.30 +67% 09:05 | HappyTrading STT ($54.25) Sold to [...]

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

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 [...]

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

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, [...]

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

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 [...]

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

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 [...]

Nasdaq At New Height Since October 2008! SPX, Nasdaq, IBM, GOOG, JPM, GS, SNDK, STEC, FCX, X, CNX, MEE, AXP, V, MA

The market spent most of the day trading flat.  But, in the late afternoon, there was a surge of buying just before IBM and GOOG’s earnings reports.  This morning, JPM reported a 36 percent jump in second quarter profits, but, its shares traded flat.  On the other hand, GS pushed higher in the afternoon, and [...]

Stocks Surge After Earnings From Intel (INTC)! SPX, Nasdaq, INTC, GOOG, BIDU, GS, AAPL, FCX, X, CNX, MEE, JPM, IBM

INTC’s superb earnings last night gave the market a nice boost right from the start, and, it never looked back!  The techs and financials were very strong.  INTC shares closed +7.25% higher.  GOOG, which reports earnings after the market tomorrow, jumped $13.48, or +3.17%.  BIDU added $16.76, or +5.6%.  GS, after a muted response directly after [...]

Bounce In Commodities Keeps The Market Flat!

After another big drop on Monday, the market wobbled around the flatline today.  Commodity sectors saw good bounces as the dollar sank again.  Fertilizers and miners kept the market up:  POT +5.51%, MOS +3.74%, GOLD +4.53%, MEE +5.56%, CNX +4.6%, FCX +4.43%, JOYG +6.83%.  Financials stocks also enjoyed mild strength.  Techs were a little weaker with [...]

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

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 [...]

Time To Rally Or Bust!! SPX, Nasdaq, OXY, HES, APA, FCX, CNX, CLF

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Stocks jumped out of the gate this morning, as speculation on further Chinese government spending this week on major construction projects fueled new optimism into commodity sectors.  Crude bounced up to closed above $45/barrel.  Gold, however, traded lower again and tested $900/ounce before closing higher.  Energy and mining [...]