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Category Archives: GLD

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK

September 19, 2010 – 7:05 pm

The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB.  Once there, the market should be able to sail higher.  The immediate resistances are still SPX 1200 and Nasdaq 2300.  [...]

By HappyTrading | Also posted in ABX, APA, APC, BLK, GS, HES, MA, NEM, NOV, XLE, XLF, XME, gold | Comments (0)

Market Still Consolidating: SPX, Nasdaq, FDX, RIMM, ORCL, GME, AAPL, AMZN, GLD

September 16, 2010 – 3:17 pm

On Tuesday, in my evening article, I said, "We’ll need to see some strength in the energy and mining stocks to push higher.  Otherwise, we may need to take a breather and consolidate." In the past 2 days, energy and mining stocks were still lacking strength, and the broader market still appeared to be consolidating.  [...]

By HappyTrading | Also posted in AAPL, AMZN, FDX, GME, ORCL, RIMM | Comments (0)

Gold Soars To New Record High! SPX, Nasdaq, GLD, GOLD, NEM, AEM, BBY, RDWR, MA, V, GS, CME, GOOG

September 14, 2010 – 4:52 pm

Gold popped higher today to a new record high, trading around $1270/ounce.  Gold miners were equally strong:  GOLD +4.39%, NEM +4.02%, AEM +3.63%.  This morning, retail sales came in better-than-expected.  In addition, BBY delivered a bullish quarter, sending its stock up +6%.  MA and V bounced on the news.  MA added +3.48% and V climbed +2.5%.  [...]

By HappyTrading | Also posted in AEM, BBY, CME, GOOG, GS, MA, NEM, RDWR, V, gold | Comments (0)

9/3/10 Weekly Wrap: CLF, FSLR, AKAM, AAPL, GLD

September 5, 2010 – 6:50 pm

Happy Labor Day Weekend!!   The market experienced a nice change in the sentiment this week, pretty much in accordance with my forecast, which we’ll review tomorrow.  Tuesday’s weekness gave the market a quick headfake.  Nevertheless, we had another very nice week, with only 1 trade in the red.  We used puts on V as a [...]

By HappyTrading | Also posted in AAPL, AKAM, CLF, FSLR | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XME, GLD, USO, MOO, AGU, POT, MOS, CF, GOLD, NEM, ABX, CLF, X, WLT, FCX

August 29, 2010 – 7:31 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, the technicals are still carrying a bias to the downside.  The M&A activities and the speculations for them are offsetting the inconsistency in the latest economic reports.  The M&A activities are bringing buyers into some sectors.  However, the industrials have been weak on [...]

By HappyTrading | Also posted in ABX, AGU, CF, CLF, FCX, MOO, MOS, NEM, POT, USO, WLT, X, XME, gold | Comments (0)

Market Bounces After 4 Days of Selling: SPX, Nasdaq, GOOG, AAPL, RIMM, AMZN, AKAM, PCP, MLM, GLD, SLV, PAAS, GOLD, ABX, NEM, TLT

August 25, 2010 – 3:58 pm

This morning, after more lousy housing and durable goods data, the market sank lower.  We took the opportunity to lock in our profits on the downside plays: August 25, 2010 10:56 | HappyTrading MLM ($72.30) Sold to Close 09P75 Sep 75 puts, at $4.30 +62% 07:34 | HappyTrading PCP ($111.70) Sold to Close 09P115 Sep [...]

By HappyTrading | Also posted in AAPL, ABX, AKAM, AMZN, GOOG, MLM, NEM, PAAS, PCP, RIMM, SLV, TLT, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, INX2, XME, POT, MOS, AGU, CF, PCLN, MFE, GOOG, NEM, ABX, GOLD

August 22, 2010 – 7:43 pm

Last weekend, in my Market Forecast, I forecasted, "For the new week, the latest development in the charts are certainly not bullish.  However, it may not necessarily dictate a breakdown.  If SPX 1080 does not hold, the next support is 1060, set back in mid-July.  The market could still be range-bound, and, is very mixed." As [...]

By HappyTrading | Also posted in ABX, AGU, CF, GOOG, INX2, MFE, MOO, MOS, NEM, PCLN, POT, XME, gold | Comments (0)

8/20/10 Weekly Wrap + FREE Trading Room Access: AMZN, WYNN, GLD, MOS

August 20, 2010 – 3:59 pm

In my Market Forecast for the week, I wrote: "…the latest development in the charts are certainly not bullish.  However, it may not necessarily dictate a breakdown…   The market could still be range-bound, and, is very mixed." This was exactly what we saw this week.  The market was strong earlier in the week, but, turned back [...]

By HappyTrading | Also posted in AMZN, MOS, WYNN | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, TLT, USO, GLD, SOXX, MOO, POT, MOS, AGU, CF, CAGC, SEED

August 15, 2010 – 7:20 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market can run further into its newly developed bullish formation.  The market has already stuttered around the SPX 1120 to 1130 area for a long time.  If it’s going to break higher, it’ll have to catch the daily upper BB.  This will [...]

By HappyTrading | Also posted in AGU, CAGC, CF, MOO, MOS, POT, SEED, SOXX, TLT, USO | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG

August 8, 2010 – 8:11 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data.  For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase.  To break higher, SPX will have to break above 1120.  For Nasdaq, the resistance is at 2300." [...]

By HappyTrading | Also posted in ACI, AGU, AIG, ANR, BAC, BTU, CF, GS, JPM, MEE, MOO, MOS, POT, WFC, WLT, XLE, XLF, XME | Comments (0)