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 11, 2010 – 7:39 pm
As further economic data showed slowing in the global economy, the US stock market took a sharp fall today. Miners led the market lower: WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%. Market leaders such as GS and AAPL also took big falls. GS dropped 3.02%, closing below $150. AAPL lost 3.55%, […]
By HappyTrading
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Also posted in ATI, Nasdaq, RTI, AAPL, FCX, CSCO, X, CREE, CLF, WLT, VECO, Market Slumps On Renewed Economic Worries: SPX
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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 POT, JPM, GLD, XLF, XME, MOS, CF, AGU, MOO, BTU, ACI, ANR, MEE, XLE, WFC, BAC, AIG, WLT
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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, […]
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 […]
The market started out in the positive territory as jobless claims fell. However, as I stated last night, "SPX can easily slide down to test 1100 again." SPX went up as high as 1115.9 and quickly turned lower. Around noon, SPX had dropped all the way to 1092. That’s almost 24 points on the SPX, or […]
Last weekend, I forecasted:
"For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the market. […]
By HappyTrading
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Also posted in IBM, OIH, AAPL, FCX, XLF, XME, YHOO, QCOM, INX2, AMZN, SNDK, TXN, NFLX, SBUX, WFC
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In my Market Forecast this week, 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 [SPX 1040; Nasdaq 2150] should be the first resistances. We could see some volatile trading to start the week."
Yesterday, the market gapped higher and tested […]
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 OIH, GLD, XLF, USO, MA, FSLR, TSL, DO, RIG, SLB, YGE, V, APC
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