Happy 4th of July! A quick note: My Monthly Wrap reports normally only include the closed trades for the month, because it makes things easier to read. As always, the Trade Records page (you might want to make a bookmark for this page) contains detailed records of both the opening and closing trades. Here’s the version of only [...]
Category Archives: EOG
June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP
July 3, 2010 – 2:36 pm
This year is going by so fast! Already, we are into the 3rd quarter! June was a very volatile month. We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month! We traded accordingly and played both sides. We still came away with some pretty [...]
Market Stumbles On Economic Worries: SPX, Nasdaq, APA, EOG, IOC, CLF, WLT, BTU, X, AAPL, GOOG, RIMM, AMZN
June 29, 2010 – 4:41 pm
Last night, Chinese stock market’s Shanghai SE Composite Index dropped more than 100 points, or more than 4%. This morning, the US market followed the bearish sentiment, gapping lower. US consumer confidence index fell 10 points in June, the biggest fall since February. The selling continued throughout the day and the market pretty much ended [...]
Home Sales Sour Market Mood! SPX, Nasdaq, V, MA, APA, UNP, EOG, V, MA, RIG, CMG, NFLX, DECK
June 22, 2010 – 4:49 pm
Since Monday morning’s surge, on China loosening yuan’s peg to the US dollar, the market had been on the defensive. This morning’s home sales data, which fell unexpectedly, further gave the market reasons to take some profits off the table. After all, the market has been rallying up 2 weeks straight without taking much of a [...]
6/18/10 Weekly Wrap: Another Week Of Nice Profits! GOOG, GLD, EOG
June 19, 2010 – 3:34 pm
Although still a bit volatile, but given that it was an expiration week, the market was pretty well behaved. Besides 1 minor 10% loss, all of our trades were in the GR$$N, including a +157% gain on the GOOG calls: June 18, 2010 10:59 | HappyTrading GLD ($123.00) Sold to Close 06C120 Jul 120 calls, [...]
Market Bounces Back After Testing Support: SPX, Nasdaq, APA, DVN, OXY, EOG, IOC, CLF, BTU, FCX, BHP, GLD, BP, RIG, DO
June 8, 2010 – 7:18 pm
As discussed in my Market Forecast this weekend, I was looking for more selling pressure to test SPX 1040. The market was weak in the morning and sank as low as SPX 1042.17. Techs were especially weak today. However, the miners drew some buyers back in and stayed strong most of the day: CLF +4.42%, [...]
A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM
June 2, 2010 – 4:46 pm
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 [...]
Monthly Wrap May 2010: EOG, GS, GLD, NFLX, PCLN, SHLD
May 28, 2010 – 10:39 am
Well, it’s been a very volatile week and we traded lightly. But, for the month of May, we made some really nice trades. Here are the closed trades for May (profits above +50% are highlighted). Notable trades are NFLX, PCLN, and SHLD puts with triple-digit gains: May 28, 2010 11:00 | HappyTrading CTRP ($39.40) Sold [...]
Making Money In A Down Market! SPX, Nasdaq, GS, PRU, JPM, WFC, SHLD, NFLX, DECK, EOG, WYNN, LVS, MGM
May 20, 2010 – 4:42 pm
In my Market Forecast for this week, I mentioned, "SPX 1120 could provide some initial support, but, below SPX 1120, the market could test SPX 1080." On Tuesday, in our Trading Room , I said, May 18, 2010 12:13 PM VIX should at least test 40 on this run… From Monday through Wednesday, SPX tested 1120. [...]
Weekly Wrap 5/7/10: NFLX, MA, GS, EOG, GLD
May 8, 2010 – 6:10 pm
While the market slumped this week, we had a week full of profits. We have been bearish on the market for the past 2 weeks and have been long on gold plays. This "long gold, short the market" trading theme paid off for us this week. In the beginning of the week, we closed off [...]
![[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)
