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 further […]
By HappyTrading
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Also posted in gold, POT, FCX, XME, USO, MOS, X, CF, AGU, ABX, MOO, CLF, WLT, NEM
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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 115 puts, at […]
By HappyTrading
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Also posted in gold, GOOG, AAPL, RIMM, AKAM, PCP, AMZN, ABX, SLV, PAAS, TLT, NEM, MLM
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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 it turned […]
By HappyTrading
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Also posted in gold, POT, GOOG, XME, MOS, PCLN, INX2, CF, AGU, ABX, MOO, NEM, MFE
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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 down on […]
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 mean […]
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."
Right off […]
By HappyTrading
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Also posted in GS, POT, JPM, XLF, XME, MOS, CF, AGU, MOO, BTU, ACI, ANR, MEE, XLE, WFC, BAC, AIG, WLT
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Last weekend, in my Market Forecast, I said:
"For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels should be the first resistances. We could see some volatile trading to start the week. If the market cannot break SPX 1040, we […]
By HappyTrading
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Also posted in POT, MOS, FSLR, CF, TSL, STP, RIG, HAL, MOO, PBW, YGE, APA, XLE, NEM, BP, APC
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Last weekend, in my Market Forecast, I wrote:
"For the new week, this week is still range-bound with a bearish bias. The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again. However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s daily […]
By HappyTrading
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Also posted in GS, OIH, XLF, USO, MA, FSLR, TSL, DO, RIG, SLB, YGE, V, APC
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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 the […]
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 […]
![[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)
