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Category Archives: MER

Investors Run For Safety, Pumping Gold Up More Than $90! SPX, Nasdaq, AIG, GS, MER, BAC, MS, GLD, GDX, AEM, ABX

September 17, 2008 – 3:43 pm

from MyHappyTrading.com by HappyTrading! ™ The market was not encouraged by the government rescue solution for AIG; not one bit!  AIG fell more than 45% today to close just above $2/share.  The pre-announcement on MS earnings, which beat the estimates, did not help either.  MS shares flopped 24.22%!  Rest of the financial sector was a [...]

By HappyTrading | Also posted in ABX, AEM, AIG, BAC, GDX, GLD, GS, MS | Comments (0)

Market Keeps Gains In Volatile Trading! SPX, Nasdaq, GS, MER, BAC, PRU, AIG, MS

September 16, 2008 – 4:40 pm

from MyHappyTrading.com by HappyTrading! ™ Yesterday, in my evening post, I said, “VIX shot up above 30 today and closed at 31.7!  Both SPX and Nasdaq closed below their July low levels (SPX 1200; Nasdaq 2200).  This downward momentum will likely carry through tomorrow morning.  Then, we’ll have to see if the bottom fishers come [...]

By HappyTrading | Also posted in AIG, BAC, GS, MS, PRU | Comments (0)

The Dow Drops 500 Points On Financial Woes! SPX, Nasdaq, LEH, AIG, MER

September 15, 2008 – 2:47 pm

from MyHappyTrading.com by HappyTrading! ™ I’m travelling today, so, I’ll do a quick market write-up.  Over the weekend LEH was unable to solidify a rescue plan for itself and was forced to file bankruptcy.  Further, more concerns over AIG exerted additional pressure.  Even with a buyout offer at $29/share, MER ended almost unchanged at $17.06!  AIG has [...]

By HappyTrading | Also posted in AIG, LEH | Comments (0)

Market Tumbles On New Economic Data: SPX, Nasdaq, GS, MER, MA, BAC, GOOG, RIMM, AAPL, BIDU

September 4, 2008 – 8:51 pm

from MyHappyTrading.com by HappyTrading! ™ The market was stunned by a slew of bad economic news!  Both the unemployment and the retail data pushed the bulls over the cliff!  Commodities and techs continued their downward spiral.  The market opened down and slid lower as the day went.  The financial followed the market lower:  GS -4%; MA -5.49%; [...]

By HappyTrading | Also posted in AAPL, BAC, BIDU, GOOG, GS, MA, RIMM | Comments (0)

Financials Dive, Market Follows: SPX, Nasdaq, FNM, FRE, MER, GS, MA, BAC, BIDU, QCOM

July 28, 2008 – 6:15 pm

Well, it is still pretty much all about the financials on the market. Even with the housing bill passed this weekend, the financial sector still could not find any cheering today. XLF fell another 4.7% to close below $20. FNM and FRE opened up in the morning, but, quickly slid into the red, closing down [...]

By HappyTrading | Also posted in BAC, BIDU, FNM, FRE, GS, MA, Nasdaq, QCOM, SPX | Comments (0)

Market Locks In Profits: SPX, Nasdaq, BIDU, AMZN, QCOM, GS, BAC, MA, MER

July 24, 2008 – 5:11 pm

Yesterday, on the member board, with 1 hour left in trading, I said: HappyTrading Posted July 23, 2008 at 12:04 pm | Permalink (Edit) I’m starting to go cash! This was because many of the tech and financials stocks were showing short-term tops. Yesterday, after the market BIDU, AMZN, and QCOM reported good earnings and [...]

By HappyTrading | Also posted in AMZN, BAC, BIDU, GS, MA, Nasdaq, QCOM, SPX | Comments (0)

Market Rises As Oil Falls Again! SPX, Nasdaq, JPM, GS, MA, MER, HK, PCX, ANR, CLF, MOS, POT, GOOG, MSFT

July 17, 2008 – 5:40 pm

The market continued to rally for the second, straight day. This morning, JPM beat the estimates with its earnings and saw its shares gap-up at the open. JPM shares ended +13.52% higher. GS and MA both kept going higher, adding +4.85% and +5.46%, repectively. The financial sector was strong as a whole, again. XLF managed [...]

By HappyTrading | Also posted in ANR, CLF, GOOG, GS, HK, JPM, MA, MOS, MSFT, Nasdaq, PCX, POT, SPX | Comments (0)

Wells Fargo To The Rescue! SPX, Nasdaq, WFC, GS, MA, JPM, MER, AMZN, BIDU, RIMM, EBAY, GOOG, SPWR

July 16, 2008 – 3:59 pm

Despite the high CPI, the market rallied today, in a big way! Even though CPI came in higher than expected, the market chose to focus on the good news. Wells Fargo (WFC) reported strong quarterly results and raised its dividend. WFC shares jumped +32.76% and led the whole financial sector on a tremendous bounce! GS [...]

By HappyTrading | Also posted in AMZN, BIDU, EBAY, GOOG, GS, JPM, MA, Nasdaq, RIMM, SPWR, SPX, WFC | Comments (0)

Market Gives Back Gains, And More! SPX, Nasdaq, X, CLF, GOOG, AAPL, CME, ICE, MER, GS, MA

July 9, 2008 – 5:52 pm

The market started day well, especially the mining sector, gapping up on AA‘s earnings report late yesterday. But, soon after lunch, things started to turn and VIX started to go up again, as I commented on the member board: HappyTrading Posted July 9, 2008 at 9:03 am | Permalink (Edit) VIX green. careful… HappyTrading Posted [...]

By HappyTrading | Also posted in AAPL, CLF, CME, GOOG, GS, ICE, MA, Nasdaq, SPX, X | Comments (0)

Oil Falls, Financials Jump! SPX, Nasdaq, MA, MER, PRU, CELG, SVNT, BIIB, GENZ, AA

July 8, 2008 – 5:44 pm

The market started out flat, but, continued to gain strength through out the day. Oil fell again, by more than $5 today. The financials reversed their morning weakness and led the market up straight to the close. XLF jumped +6.48% and closed above $20 (the support level that we’ve been looking at). MA, which traded [...]

By HappyTrading | Also posted in AA, BIIB, CELG, GENZ, MA, Nasdaq, PRU, SPX, SVNT | Comments (0)