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Category Archives: IBB


Biotech and Health Care Lead The Market Down: IBB, ESI, HUM

February 26, 2009 – 7:08 pm

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The market opened higher today, but, started to slide in late morning.  Biotechs were particularly weak: OSIP -8.29%; GENZ -6.43%; CELG -5.1%.  Health care stocks were even worse: HUM -19.48%; AET -11.26%; CI -8.54%!  Today’s big drop in these two sectors came as more details in Obama’s proposed […]

By HappyTrading | Also posted in ESI, HUM | Comments (0)

Big Green Day! SPX, Nasdaq, SMH, TXN, ADI, ALTR, XLNX, IBB, TEVA, PRGO, CELG, BMRN, GILD, AMGN, IMCL

May 1, 2008 – 6:13 pm

Yesterday, in my evening post, I said, “We need to see VIX back below $20 to feel more comfortable. The market major indices do still show bullish formations with their MAs. So, I’ll wait patiently with lots of cash on the sideline.” The market opened with a positive tone today, and, VIX quickly went […]

By HappyTrading | Also posted in Uncategorized, SMH, Nasdaq, IMCL, SPX, BMRN, CELG, AMGN, TXN, ADI, ALTR, XLNX, TEVA, PRGO, GILD | Comments (1)

Biotechs Coming Alive: SPX, Nasdaq, MLNM, AMGN, OSIP, IMCL, PDLI, DNA, XBI, IBB, MTL

April 10, 2008 – 4:02 pm

The market was stronger today, boosted by a rally in the biotech sector. The agricultural stocks also continued to show strength. In addition, steel stocks displayed solid performances.
The Dow was up +54.72 points; SPX added +6.06 points; and Nasdaq gained +29.58 points.
Here’s how the market looked at the […]

By HappyTrading | Also posted in Nasdaq, IMCL, SPX, PDLI, AMGN, OSIP, DNA, MTL, MLNM, XBI | Comments (0)

Bye-Bye 1st Quarter! SPX, Nasdaq, FO, VRTX, APA, IBB

March 31, 2008 – 5:33 pm

Finally, this crazy 1st quarter came to an end! The market was still very volatile today. Certain fast movers had pretty bigger swings. But, overall, the market managed to keep a positive tone. The financial sector recorded modest gains and was good for the market.
The Dow closed up +46.49 points; SPX […]

By HappyTrading | Also posted in Nasdaq, SPX, APA, FO, VRTX | Comments (1)

Market Forecast for Week of 2/4: SPX, Nasdaq, XLF, BTK, IBB, GLD, XME

February 3, 2008 – 4:23 pm

It’s SuperBowl Sunday!!

Hope you’re having some exciting and crazy fun!!
The market finished strongly last week, ending Friday with the Dow up +92.83 points, SPX adding +16.87 points, and Nasdaq gaining +23.50 points.
SPX

SPX closed at 1395.42. It closed above the 1375 level, its 10-day MA, and its 20-day MA. The 10-day MA and the […]

By HappyTrading | Also posted in Uncategorized, Nasdaq, SPX, GLD, BTK, XLF, XME | Comments (2)