September 1, 2010 – 5:27 pm
The market bolted out of the gate today and never looked back. Last night, China reported a better-than-expected PMI number. Today, our ISM Index also showed better-than-expected manufacturing activity. As discussed in my Market Forecast this weekend, we paid extra attention to the mining sector. Our trade in CLF turned an overnight profit of +60% […]
August 31, 2010 – 7:00 pm
The market was weak at the open, but, managed to bounce back. However, immediately after the Fed minutes were released, the market suffered a quick drop. It paddled back up in the last hour to closed flat, flat and mixed. Techs were on the weak side with semiconductors getting hammered; mining stocks, on the other […]
August 27, 2010 – 11:25 am
A very nice month. Not an easy thing to do in this environment, and, you porbably don’t need me to tell you that. 100% green on the closed trades this week. Here are the trades for the month (trades with +50% or higher profits are highlighted):
August 27, 2010
07:14 | HappyTrading RIMM ($45.60) Sold to […]
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, AAPL, RIMM, AKAM, GLD, PCP, AMZN, ABX, SLV, PAAS, TLT, NEM, MLM
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August 24, 2010 – 6:16 pm
The market was already on its heels and sank lower today after a sharp fall in the latest home sales report. Stocks were weak pretty much across the board. GOOG fell another $12.68 to close just above the $450 level. Just 2 weeks ago, GOOG was trading around $500/share! ISRG continued to stumble, down $13.82; […]
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, GLD, XME, MOS, PCLN, INX2, CF, AGU, ABX, MOO, NEM, MFE
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The market managed another winning week, through some mixed economic data. Friday’s unemployment report was disappointing, and yet, somehow, the market made it through with a minor slip.
We traded this week beautifully and ended with 100% of our trades in the GR$$N. We locked in profits on Monday and Wednesday; stayed light on Thursday, and, […]
What a relief! After that awful jobs report it certainly seemed as if the rally started Monday was going to fizzle out, and maybe break some support levels. Well, the dip buyers had other things in mind. Volume was big early in the session, of course many bailing out on stocks as the BLS released […]
The market pushed higher today as investors cheered better economic data, such as improvement in private employment. The broader market itself only advanced slightly, as SPX added just +6.78 points. But, certain stocks really went higher, including most of our positions.
PCLN was the headline grabber. After last night’s blowout earnings and bullish guidance, PCLN jumped $50.53 […]
It’s been a very choppy month. Although the market recorded a gain for the month, it went through big swings to get there. Nevertheless, we came away with some pretty good trades:
July 29, 2010
12:54 | HappyTrading GS ($153.00) Sold to Close 08C150 Aug 150 calls, at $5.70 +36%
12:40 | HappyTrading GS ($152.60) Sold […]
![[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)
