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Category Archives: MEE

Rising Dollar Pressures Commodities: SPX, Nasdaq, CLF, WLT, ANR, MEE, BIDU, GOOG, AAPL, WYNN

March 24, 2010 – 8:19 pm

As expected, the market saw profit-taking today.  Commodities were pressured as the dollar jumped.  Euro sank lower as European leaders tried to find a solution to Greek credit crisis.  Gold sank below $1090/ounce and oil slipped below $81/barrel.  Bucking the trend, coal stocks stayed strong:  CLF +2.93% (new 52-week high), WLT +1.13% (new 52-week high), [...]

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

Market Marches On! SPX, Nasdaq, WLT, MEE, ANR, PCX, HIG, BLK, PNC, STI, STT, APA, APC, OXY, HES

March 17, 2010 – 4:42 pm

The market continued to push higher today, ramping up to new 2010 highs!  Financials were strong today.  FAS (financial bull 3x ETF) hit an intraday high of $96.84.  In early February, FAS touched an intraday low of $60.  That’s a +61% rise from the February low in just a little over one month!!  BLK got [...]

By HappyTrading | Also posted in ANR, APA, APC, BLK, HES, HIG, Market Marches On! SPX, Nasdaq, OXY, PCX, PNC, STI, STT, WLT | Comments (0)

Fed Feeds The Market To New High! SPX, Nasdaq, CLF, WLT, ACI, PCX, MEE, GOLD, NEM, AEM, SLB, DO, RIG

March 16, 2010 – 5:23 pm

In my Market Forecast (click here) this weekend, I said, "Many tech and financial leaders could use a breather.  On Tuesday, we have the FOMC meeting.  The market may act undecidedly ahead of the meeting.  If the market slips ahead of Fed’s rate decisions but manages to keep close to SPX 1150, we could get another bump [...]

By HappyTrading | Also posted in ACI, AEM, CLF, DO, NEM, PCX, RIG, SLB, WLT, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, MOO, CLF, WLT, X, MEE, POT, CF, TRA, MOS, AGU

March 14, 2010 – 7:57 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, both SPX and Nasdaq are showing a new bullish formation in their respective daily MAs.  Nasdaq is basically at the resistance set back in January, 2325.  SPX’s next resistance is at 1150.  Above these resistance level, the market could break out to a [...]

By HappyTrading | Also posted in AGU, CF, CLF, GLD, MOO, MOS, POT, TRA, UUP, WLT, X, XLF, XME | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, USO, XME, MEE, BTU, WLT, CNX, ACI, PCX, AKS, GS, BAC

March 7, 2010 – 9:37 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market certainly has room to rise.  But, it’ll have to break above SPX 1120 to go higher.  The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes.  (What they really should [...]

By HappyTrading | Also posted in ACI, BAC, BTU, CNX, GLD, GS, PCX, USO, WLT, XLF, XME | Comments (0)

Miners Keep The Market Up! SPX, Nasdaq, WLT, CNX, MEE, ACI, CF, POT, MOS, AGU, TRA, MDVN

March 2, 2010 – 9:52 pm

The market started out strong today.  Although it gave back some gains in the afternoon, it managed to close in the green.  Gold rallied today to above $1130/ounce.  Miners led the market.  Besides the gold miners, coal stocks were also very strong.  WLT made a new 52-week high, closing at $84.53 and traded above $85/share.  [...]

By HappyTrading | Also posted in ACI, AGU, CF, CNX, MDVN, MOS, POT, TRA, WLT | Comments (0)

Market Pulls Back On Weak Consumer Data: SPX, Nasdaq, FSLR, TSL, CSIQ, YGE, BTU, CNX, MEE, ACI

February 23, 2010 – 8:41 pm

After an unexpected drop in consumer confidence, the market dropped quickely and stayed weak.  Solar stocks were especially weak as FSLR was downgraded.  FSLR shares stumbled 6.46%.  Other solar stocks also fell, including TSL -2.96%, CSIQ -7.06%, YGE -3.59%.  Commodity sectors were mostly down, with coal stocks leading the way:  MEE -6.24%, CNX -5.57%, BTU [...]

By HappyTrading | Also posted in ACI, BTU, CNX, CSIQ, FSLR, TSL, YGE | Comments (0)

Coals And Steels Lead The Market Higher! SPX, Nasdaq, BBBY, CNX, BTU, ACI, MEE, X, NUE, AKS, WLT, POT, MOS, XOM, XTO

December 22, 2009 – 5:32 pm

This morning, a +7.4% jump in existing home sales gave investors something to cheer about!  All top 10 holdings of XHB (S&P Homebuilders ETF) made gains: BBBY was especially strong, adding +3.48%.  Besides the homebuilders, miners were very strong, especial the coal stocks:  CNX +4.05%, BTU +3.7%, ACI +5.03%, MEE +2.38%.  Steel stocks also pushed [...]

By HappyTrading | Also posted in ACI, AKS, BBBY, BTU, CNX, MOS, NUE, POT, WLT, X, XOM, XTO | Comments (0)

Market Claws Back Into the Green! SPX, Nasdaq, AAPL, RIMM, X, AMSC, CLF, MEE, CNX, BTU, ACI, GS, RIMM, IBM

December 9, 2009 – 5:41 pm

The market open on the strong side today.  It sank down into the red in early afternoon, but, was able to close strongly back into the green!  We had a lot of plays going in the Trading Room today. More than a month ago, I talked about AMSC and that the January calls looked attractive.  On November [...]

By HappyTrading | Also posted in AAPL, ACI, AMSC, BTU, CLF, CNX, GS, IBM, RIMM, X | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, OIH, XME, GLD

November 29, 2009 – 9:10 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we have to be very careful.  With gold trading higher again this evening, we could get another so-called "mutual fund Monday" buying to start the week.  But, unless the market can jump back to close above the recent resistance levels, it may be stuck [...]

By HappyTrading | Also posted in CLF, FCX, GLD, GS, MA, OIH, XLF, XME | Comments (0)