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Category Archives: gold

Markets coiled for a Move

June 17, 2010 – 8:02 pm

Ringing the register today, 3-3 on call plays BOOKED today: 06:41 | Bagger Vance GOLD ($92.00) Sold to Close GOLD 06192010 85 C Jun 85 calls, at $7.70 +83% 06:37 | Bagger Vance MA ($212.00) Sold to Close MA 06192010 210 C Jun 210 calls, at $3.50 +141% 06:33 | Bagger Vance FSLR ($125.00) Sold [...]

By HappyTrading | Also posted in FSLR, MA | Comments (0)

Some Profit-Taking, As Expected: SPX, Nasdaq, AAPL, GOOG, FDX, AEM, NEM, GOLD, BP, RIG, APC

June 16, 2010 – 4:44 pm

Yesterday, in my article, I mentioned that we should see some profit-taking and more volatility.  This morning, the latest economic data were mostly positive with solid industrial production and benign inflation numbers.  Housing starts, however, dropped.  The market was a little soft at the open, but, pushed higher in mid-day; only to lose most of [...]

By HappyTrading | Also posted in AAPL, AEM, APC, BP, FDX, GOOG, NEM, RIG | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH, XLF, GLD, XME, OIH, GS, NEM, ABX, GOLD, CLF, BHP, BP, APC, RIG, AAPL

June 13, 2010 – 7:20 pm

Last weekend, in my Market Forecast, I said: "For the new week, with both SPX and DJI ending below major support levels (SPX 1080 and DJI 10,000), the market can see additional selling pressure.  Energy sectors still look weak, with oil spill in the Gulf looking to extend into the fall, although the containment cap [...]

By HappyTrading | Also posted in AAPL, ABX, APC, BHP, BP, CLF, GLD, GS, NEM, OIH, RIG, XLF, 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, GLD, HAL, OIH, RIG, SLB, SOXX, WLT, XME | Comments (0)

Market Bounces Back From 6-Month Low! GS, DO, RIG, BP, SLB, CLF, BTU, MEE, GOLD, NEM, ABX

May 25, 2010 – 8:15 pm

The market gapped lower this morning and touched a new 6-month low.  The Dow briefly slumped below 9,800, while SPX almost touched 1040.  But, the market staged an impressive rally to close just about flat.  GS led the financials with a +4.29% gain, closing above the $140 level. The beaten-down commodity sectors led the bounce.  [...]

By HappyTrading | Also posted in ABX, BP, BTU, CLF, DO, GS, MEE, NEM, RIG, SLB | 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, GLD, HES, MA, NEM, OIH, OXY, V, XLE, XLF | Comments (0)

Another Solid Week! PCLN, GOLD

May 14, 2010 – 12:22 pm

It was a volatile week.  But, in the end, the market closed on a weak note.  We were very cautious about chasing longs after Monday’s big jump.  We did catch some good trades on gold/gold miners.  Then, we waited to play puts, which produced a nice +111% profit in PCLN.  Here are the closed trades [...]

By HappyTrading | Also posted in PCLN | Comments (0)

Gold Soars To New High! SPX, Nasdaq, GOLD, NEM, ABX, GG, RGLD, BIDU, AAPL, DIS, ERTS, CTRP

May 11, 2010 – 6:02 pm

Gold jumped out of the gate today and did not look back, closing above $1230/ounce.  In the morning, in our Trading Room, I commented: May 11, 2010 7:14 AM  gold plays breaking out! May 11, 2010 8:11 AM GOLD could see $90+!! We did get in on GOLD May 85 calls and cashed out for [...]

By HappyTrading | Also posted in AAPL, ABX, BIDU, CTRP, DIS, ERTS, GG, NEM, RGLD | Comments (1)

April 2010 Monthly Wrap: Running For Gold! WYNN, FFIV, CREE, GS, AIG, GLD, NFLX, GOLD

May 1, 2010 – 7:47 pm

The market ended the month of April with a volitile week.  Between financial reform issues and the investigation on Goldman Sachs, in addition to debt problems in Europe, not even solid earnings and better jobs numbers could keep the market up.  Nevertheless, we finished this week with solid gains.  As I have been saying, "gold plays may be [...]

By HappyTrading | Also posted in AIG, April 2010 Monthly Wrap: Running For Gold! WYNN, CREE, FFIV, GLD, GS, NFLX | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, GOLD, AEM, NEM, ABX, PAAS, GS, MS, JPM, BAC, WFC

April 11, 2010 – 7:03 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we should see strength in the market early in the week.  Friday’s jobs report actually paints a very good scenario for the stock market.  While jobs were added, the unemployment rate was left unchanged.  This should help to keep a lid on the [...]

By HappyTrading | Also posted in ABX, AEM, BAC, GS, JPM, MS, NEM, PAAS, WFC | Comments (0)