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Category Archives: MA

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, GS, ICE, JPM, LVS, MGM, SHLD, V, WFC, WYNN | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP

May 16, 2010 – 8:06 pm

Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside.  We can see that the daily MAs in both SPX and Nasdaq are curving down.  On Monday, we may see an attempt to bounce; others may call it a relief rally.  First resistances will be SPX 1130 [...]

By HappyTrading | Also posted in ABX, APA, AXP, BTK, GLD, HES, NEM, OIH, OXY, V, XLE, XLF, gold | Comments (0)

Strong (Surprising) Move Into Resistance

May 12, 2010 – 4:34 pm

Nailed a couple of nice overnight baggers! May 12, 2010  07:05 | Bagger Vance V ($87.20) Sold to Close V 052210 85 C May 85 calls, at $3.40 +70%  06:58 | Bagger Vance MA ($232.00) Sold to Close MA 052210 230 C May 230 calls, at $6.80 +100% Interesting couple of days.  If you went [...]

By HappyTrading | Also posted in V | 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, GS, 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, GS, ISRG, NFLX, PCLN | Comments (0)

Markets Spooked By Europe! SPX, Nasdaq, GOOG, BIDU, AAPL, AMZN, WLT, CLF, ANR, BTU, MA, OSTK

May 4, 2010 – 7:14 pm

In my Market Forecast this weekend, I said, "…upside moves could be limited…. If the 30-day MA is broken, SPX could easily come down to test 1170."  SPX indeed tested 1170 today and closed just above.  Yesterday, we saw the market bounced higher on better economic numbers.  Today, the market slumped much lower on renewed [...]

By HappyTrading | Also posted in AAPL, AMZN, ANR, BIDU, BTU, CLF, GOOG, OSTK, WLT | Comments (0)

It Was Prudent To Be Cautious! SPX, Nasdaq, GLD, FAS, NFLX, MA, V, AXP, COF, BWLD, CLF, WLT

April 27, 2010 – 3:06 pm

We were on the cautious side last week as the market pushed higher.  In our Trading Room, I commented on Thursday last week: April 21, 2010 1:12 PM gold plays may be the best long plays right now… This weekend, in my Market Forecast, I said, "…if any unfavorable news come out of the financial [...]

By HappyTrading | Also posted in AXP, BWLD, CLF, COF, FAS, GLD, NFLX, V, WLT | Comments (1)

Financials Help S&P 500 To New High! SPX, Nasdaq, GS, C, PNC, STI, V, MA, RIMM, GOOG, AMZN, AAPL, FSLR, STP, TSL

March 11, 2010 – 9:14 pm

Financials stayed strong today and helped to push S&P 500 to a new 17-month closing high!  In my Market Forecast this weekend, I said, "… the market has gone quite far, so it may need a breather through the mid-week.  If the market can hold its altitude while letting off some steam, we could see [...]

By HappyTrading | Also posted in AAPL, AMZN, C, FSLR, GOOG, GS, PNC, RIMM, STI, STP, TSL, V | Comments (0)

Market Takes Time To Breathe: SPX, Nasdaq, GS, MA, V, AIG, C, FNM, FRE, AAPL, BIDU, ITMN, FACT, CSCO

March 9, 2010 – 5:34 pm

This weekend, in my Market Forecast, I said, "…the market has gone quite far, so it may need a breather through the mid-week."  This is what the market is doing right now, basically trading sideways.  Still, there are pockets of new breakouts.  Financials continued to be strong with GS briefly topping over $172 per share, [...]

By HappyTrading | Also posted in AAPL, AIG, BIDU, C, CSCO, FACT, FNM, FRE, GS, ITMN, V | Comments (0)

Market Awaits Latest Jobs Data: SPX, Nasdaq, BIDU, GOOG, RIMM, AAPL, CSCO, V, MA, BRCM

February 3, 2010 – 9:25 pm

Yesterday, in my evening article, I said, "After 2 days of bouncing, the market may need a bit of rest tomorrow before some important earnings reports…"  Indeed, we saw some profit-taking today.  Commodity sectors were mostly weak.  BIDU jumped another $23.6, or +5.54% to close just a tad under $450, as Goldman Sachs raised its [...]

By HappyTrading | Also posted in AAPL, BIDU, BRCM, CSCO, GOOG, RIMM, V | Comments (0)