The overall market was pretty flat all day. While techs and financials were down, commodity sectors were up. The oil services sector (OIH) was very strong and finally broke out! This weekend, in my Market Forecast, I said of OIH,
“…I think sooner or later this sector will break out. RIG, DO, […]
The market got an early jump as better-than-expected retail sales report came in. But, it seemed like there was still selling pressure on the market. The market started sliding in the late morning and went into the red in the afternoon. However, it was able to get a nice pop right before […]
The market opened down and closed lower! Oil rebounded from the recent drop and traded above $138/barrel intraday. Agriculture stocks were strong. Coals also bounced. Solar plays found some buyers coming back. But, most of the market of pretty dismal.
On the member site today, I commented:
HappyTrading
Posted June 11, 2008 at […]
It was a very volatile day on the market, almost more volatile than on an options expiration day! There were lots of mid-day big swings. For example, X was strong in the morning, trading above $182; it ended at $172.15, down almost $4 for the day (a $10 swing)! The market did […]
Yesterday, we were talking about $130 oil! Well, it just got higher today. We’ve also been looking at USO for the past couple of weekends in my weekly Sector Watch, and, we saw that it showed room to go higher. USO closed today at a new all-time high of $108.31, as crude […]
By HappyTrading
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Also posted in Nasdaq, SPX, USO, LDK, SPWR, NOV, TSL, STP, SOLF, CEO, CSIQ
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Market cheered today as the CPI came in benign with a 0.2% rise. The market rallied up to the daily upper BB (see charts below). But, in the last 2 hours of trading, the market came back down and only ended with some modest gains.
The energy sector was weak, as crude softened. […]
Today was a BIG MONEY $$$$$ DAY for us! Even though the market was just flat, we were in the right places at the right time.
First of all, 2 big earnings plays: FLR and CSIQ
As mentioned last night, FLR reported stellar earnings. This trade was brought to us by one of […]
By HappyTrading
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Also posted in Uncategorized, Nasdaq, AAPL, SPX, BIDU, AMAT, PBW, CSIQ, APA, BTU, CNX, FLR, OII
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Yesterday in my evening post, I said,
“So, what now? Well, the market seemed to have successfully vented after Thursday’s big jump. Tomorrow’s market actions will be very important. If the market finds overall strength, it still has room to extend this rally. VIX bounced off $18 today (as I’ve noted the support for the past […]
By HappyTrading
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Also posted in Nasdaq, SPX, HES, LDK, CSCO, SPWR, JASO, TSL, STP, CSIQ, APA, PBR
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The market was extremely choppy today, perhaps unnerved with the anticipation of the Fed minutes and then uncomforted after the Fed minutes had come out. But certain sectors still showed lots of strength: metals and miners, agriculture, and energy.
The Dow was down 35.99 points; SPX fell 7 points; and Nasdaq lost 6.07 […]
By HappyTrading
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Also posted in Uncategorized, POT, Nasdaq, SPX, MOS, SPWR, MA, ESLR, CF, STP, SOLF, MON, DVN, UPL, APA, WM, V
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The market held its ground today, even though Bernanke was talking about the “R”-word. Solar stocks picked up the pace today as did metals. BIDU continued with its run and traded as high as $292 today! Oil jumped and oil services had another good day.
The Dow was down 48.53 points; SPX slid […]
By HappyTrading
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Also posted in Nasdaq, RIMM, SPX, LDK, SPWR, ICE, X, STP, MON, CLF, YGE
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![[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)
