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Category Archives: GS

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, GLD, NFLX, PCLN, SHLD | Comments (0)

Dow Closes Below 10,000! SPX, Nasdaq, GOOG, BIDU, AMZN, AAPL, GS, X, SHLD, APOL, ESI

May 26, 2010 – 8:12 pm

It was another volatile day on the market, to say the least.  The market seemed fairly strong in the morning, with SPX testing the 1090 level.  Tech leaders GOOG, BIDU, AMZN, and AAPL were all in the green.  GOOG was up almost $13 at one point, and AAPL went above $252 intraday!  But, once again [...]

By HappyTrading | Also posted in AAPL, AMZN, APOL, BIDU, ESI, GOOG, SHLD, X | 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, MEE, NEM, RIG, SLB, gold | 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, GLD, PCX, SOXX, WLT, XLF, XME | Comments (0)

Making Money In A Down Market! SPX, Nasdaq, GS, PRU, JPM, WFC, SHLD, NFLX, DECK, EOG, WYNN, LVS, MGM

May 20, 2010 – 4:42 pm

In my Market Forecast for this week, I mentioned, "SPX 1120 could provide some initial support, but, below SPX 1120, the market could test SPX 1080."  On Tuesday, in our Trading Room , I said, May 18, 2010 12:13 PM VIX should at least test 40 on this run… From Monday through Wednesday, SPX tested 1120.  [...]

By HappyTrading | Also posted in DECK, EOG, JPM, LVS, MGM, NFLX, PRU, SHLD, WFC, WYNN | Comments (0)

Market Ends Down In Volatile Trading: SPX, Nasdaq, SHLD, MA, V, GS, CME, ISRG, FSLR, WLT, NFLX, CMG, CSTR

May 19, 2010 – 7:18 pm

The market was weak from the open and sank quickly lower into the morning trading.  We cashed in the rest of our trade on SHLD for profits as big as +347%, in just 2 days: May 19, 2010 07:21 | HappyTrading SHLD ($98.80) Sold to Close 05P105 May 105 put, at $7.10 +347% 07:10 | [...]

By HappyTrading | Also posted in CME, CMG, CSTR, FSLR, ISRG, MA, NFLX, SHLD, V, WLT | Comments (0)

Market Slumps With Falling Euro! SPX, Nasdaq, CME, ICE, GS, MA, V, WFC, JPM, SHLD, WYNN, LVS, MGM

May 18, 2010 – 7:07 pm

The market opened higher this morning, but, immediately started to slide.  Euro was also higher this morning, and it too, slipped from the open.  As the Euro went lower and lower, so did the market.  If you have been reading my articles, you would know that I have been more and more bearish about the [...]

By HappyTrading | Also posted in CME, ICE, JPM, LVS, MA, MGM, SHLD, V, WFC, WYNN | 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, GLD, GOOG, 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, GLD, 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, GLD, ISRG, MA, NFLX, PCLN | Comments (0)