The bulls couldn’t wait to get going and ran the markets up strong all day long. This was the biggest one day move in quite some time, you’d have to go back to Nov 16 to find the SPX up more than 1.5% on higher turnover. As one would expect breadth was spectacular on this [...]
Category Archives: LVS
The Dow Hits New 2009 High! SPX, Nasdaq, AXP, MA, V, COF, WYNN, LVS, WMS, MGM, PCLN, HMIN
November 9, 2009 – 4:42 pm
Investors cheered the reassurance from the G-20 to keep economic stimulus measures in place. The market opened strongly today and continued to go higher until the close. Most sectors participated in the rally. Gold recorded new record highs, trading above $1100/ounce. Oil also went up, trading above $79/barrel. We locked in some more profits today, including [...]
Market Cheers GDP Report: SPX, Nasdaq, FCX, RTP, BTU, ABX, PRU, PNC, HIG, WFC, CLF, PCLN, LVS, WYNN
October 29, 2009 – 8:46 pm
This morning, the GDP report was better than expect, coming in at +3.5% (vs. the consensus of +3.2%) for the quarter from July through September. The market was encouraged by the news and rallied back up, after the recent 4-day selloff. The Dow was particularly strong, charging up almost +200 points!! Commodity sectors had sold off hard earlier [...]
Weekly Wrap: Taking More Profits!
September 19, 2009 – 8:42 am
It was another solid week for the markets. We continue to find big winning trades. Here are the closed trades for the week. Trades with gains above +50% are highlighted: September 17, 2009 10:32 | HappyTrading FSLR ($150.30) Sold to Close QHBJI Oct 145 calls, at $12.30 +67% 09:05 | HappyTrading STT ($54.25) Sold to [...]
More Wins This Week! FSLR, LVS, INFY, RTI, GOOG, WYNN, JOYG, AMED
September 12, 2009 – 7:24 am
The market was strong this week. We contined to pick good winning trades. Here are the closed trades for the week. Trades with gains over +50% are highlighted: September 10, 2009 10:37 | HappyTrading GOOG ($467.00) Sold to Close GOPIL Sep 460 calls, at $10.70 +13% 09:01 | HappyTrading AIG ($38.60) Sold to Close IKGII [...]
Another Great Week Of Trading! CTRP, LVS, AEM, AIG, FCX, VNDA, SPY, SRS
September 4, 2009 – 12:35 pm
We continue to trade very well in an volatile environment. Here are the closed trades for the week (notable trades, above +50% gain, are highlighted): September 04, 2009 12:31 | HappyTrading LVS ($15.42) Sold to Close LJJIV Sep 13 calls, at $3.00 +71% 12:25 | HappyTrading CTRP ($53.79) Sold to Close QCTIJ Sep 50 calls, [...]
Commodity Sectors Push SP 500 To New Height: SPX, Nasdaq, FCX, X, CNX, BTU, MEE, CLF, LVS, WYNN, WMS
August 13, 2009 – 6:35 pm
After yesterday’s strong showing, the market pushed higher today. In my article last night, I said, "I think we’ll need to see the commodity sectors push higher in order for the broader market to break above the recent resistance levels." Today the commodity sectors responded. Miners were very strong. FCX closed above $66 with a [...]
Markets Keep Gains As Fed Gives Brighter View: SPX, Nasdaq, GS, COF, PRU,TOL, KBH, PHM, WYNN, LVS
August 12, 2009 – 8:18 pm
Today, the market was strong from the beginning. Financials rose again after 2 days of profit-taking: GS +2.85%, COF +3.14%, PRU +4.49%. This morning, Toll Brothers (TOL) reported a rise in signed contracts in new homes in 4 years, sending TOL stocks up more than +14%. Other home builders also rallied: BZH +9.32%, KBH +2.87%, PHM +4.38%. [...]
Late Buying Pushes Market Higher, Again! SPX, Nasdaq, AMGN, WYNN, LVS, MGM, WMS, CSCO, PRU
August 4, 2009 – 8:16 pm
The market started on a down beat today. But, it quickly reversed its direction. More favorable economic data helped to draw sidelined money into the market, including better-than-expected consumer spending and pending home sales. Biotechs were strong with AMGN adding another $1.53. Casino stocks jumped today. Both WYNN and LVS added about +8.5%. MGM hopped [...]
Weak Retail And Housing Data Spooks Market: SPX, Nasdaq, MGM, WYNN, LVS, BAC, HBAN, FITB, CME, SKF, SRS
May 13, 2009 – 7:18 pm
Right out of the gate, the market was weak today. Retail sales dropped and foreclosures on homes continued rising. Stocks were mostly on the defensive and slipped lower as the day went. Financials continued to fall from their recent heights. BAC fell 10.20%; HBAN slumped 14.86%; FITB dropped 14.70%. In the morning, MGM announced its [...]
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