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Category Archives: GLD

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%, [...]

By HappyTrading | Also posted in APA, BHP, BP, BTU, CLF, DO, DVN, EOG, FCX, IOC, OXY, RIG | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, OIH, GLD, XME, INX2, RIG, BP, SLB, HAL, DO, NOV, X, JOYG, BUCY, AMZN, GOOG, PCLN

June 6, 2010 – 8:13 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is definitely struggling to bounce from May’s slump.  However, Europe’s financial problems may be worse than that of the US, as China’s Premier warned of a possible double-dip in the global economy’s attempt to recover.  Charts are certainly showing the same [...]

By HappyTrading | Also posted in AMZN, BP, BUCY, DO, GOOG, HAL, INX2, JOYG, NOV, OIH, PCLN, RIG, SLB, X, XME | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XME, SOXX, WLT, CLF, GOLD, BP, RIG, DO, SLB, HAL, BHI

May 31, 2010 – 7:03 pm

First of all, happy Memorial Day! Last weekend, in my Market Forecast, I said: "For the new week, we’ll have to see how much momentum the bounce on Friday has to carry through.  SPX 1110, 1120, and its 10-day MA should provide resistances.  The daily MAs of SPX and Nasdaq are well into their new [...]

By HappyTrading | Also posted in BHI, BP, CLF, DO, HAL, OIH, RIG, SLB, SOXX, WLT, XME, gold | Comments (0)

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 [...]

By HappyTrading | Also posted in EOG, GS, NFLX, PCLN, SHLD | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, SOXX, GS, WLT, CLF, BTU, ACI, PCX, BRCM

May 23, 2010 – 8:01 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a very vulnerable position.  The bounce last week took to the market to test the 10-day MA.  But, with a quick reversal, it closed under the 10-day MA again.  Further, both SPX and Nasdaq are showing newly developed bearish [...]

By HappyTrading | Also posted in ACI, BRCM, BTU, CLF, GS, PCX, SOXX, WLT, XLF, XME | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP

May 16, 2010 – 8:06 pm

Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside.  We can see that the daily MAs in both SPX and Nasdaq are curving down.  On Monday, we may see an attempt to bounce; others may call it a relief rally.  First resistances will be SPX 1130 [...]

By HappyTrading | Also posted in ABX, APA, AXP, BTK, HES, MA, NEM, OIH, OXY, V, XLE, XLF, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, OIH, XLF, INX2, GS, AIG, RIG, BP, GOOG, AMZN, PCLN, NFLX, CME, ICE

May 9, 2010 – 8:10 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, how the market does on Monday will be very important.  On Sunday, Euro partners agreed to a $145 billion bailout plan for Greece.  We’ll have to see how the market reacts to that piece of news.  But, there are potentially more negative news [...]

By HappyTrading | Also posted in AIG, AMZN, BP, CME, GOOG, GS, ICE, INX2, NFLX, OIH, PCLN, RIG, XLF, XME | Comments (0)

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 [...]

By HappyTrading | Also posted in EOG, GS, MA, NFLX | Comments (0)

Big Profits In A Wild Day! SPX, Nasdaq, GLD, NFLX, EOG, MA, GS, BIDU, PCLN, ISRG

May 6, 2010 – 3:27 pm

What a wild day on the market!  The Dow dropped 700 points in a matter of 15 minutes before coming back 600 points from the day’s low to close.  Take a look at this chart: This is an intraday chart on the Dow for today.  At about 2:30pm ET, the Dow was at around 10630.  [...]

By HappyTrading | Also posted in BIDU, EOG, GS, ISRG, MA, NFLX, PCLN | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

May 2, 2010 – 7:57 pm

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

By HappyTrading | Also posted in ANR, BP, BTU, CLF, DO, GS, MEE, NE, NUE, OIH, RIG, WLT, X, XLF, XME | Comments (0)