September 24, 2008 – 4:34 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market stayed pretty much flat, as the Congress continued to discuss with Secretary Paulson and Chairman Bernanke on the “bailout” plan. It seems many traders/investors are staying on the sideline, watching the Congressional testimony over the plan, anticipating any new developments. GS jumped $10, to $135, yesterday after the […]
September 7, 2008 – 2:39 pm
from MyHappyTrading.com by HappyTrading! ™
The market had a really tough week last week. The Dow lost 322.59 points; SPX fell 40.52 points; Nasdaq tumbled 111.64 points!! Last weekend, in my Market Forecast, I said,
“For the new week, although we only have 4 trading sessions, I think it could be a very crucial week. VIX could […]
September 2, 2008 – 6:06 pm
The market had a “gap-up” open today as oil took a huge dive on the news that damages from Hurricane Gustav seemed to be limited. But, when SPX went above 1300, the market started to turn lower again! This weekend, in my Market Forecast, I said,
“Both indices are still within their recent ranges: SPX 1260-1300; Nasdaq 2350-2450. […]
August 26, 2008 – 8:50 pm
from MyHappyTrading.com
The market had another “roller-coastering” day! It opened up; then, it went lower; and, finally ended higher. Well, barely! Commodities and related sectors were mostly green. Techs were mixed. The financials eked out some gains in the last hour. The energy sector was among the strongest. DVN added +3.38%; ECA was up +3.13%; UPL […]
August 19, 2008 – 5:59 pm
from My Happy Trading.com
Financials and techs were weak for the 2nd straight day. On the other hand, commodity-related sectors bounced. Metals and mining groups were strong. Coals showed a lot of strength: MEE +7.58%; CNX +6.53%; BTU +7.64%. Oil services also recorded solid gains: RIG +2.46%; SLB +3.93%; NOV +4.37%. Crude oil closed above $115/barrel. […]
August 17, 2008 – 9:16 pm
from My Happy Trading.com
The market eked out a small gain with SPX adding only +1.88 points for the week. However, the techs were stronger. Nasdaq gained +38.42 points. The general sentiment on the market was better as the dollar bounced strongly and oil prices fell lower. Commodities continued to be on the weak side. Gold […]
August 13, 2008 – 5:33 pm
Oil prices rebounded today as US gasoline inventory dropped. This also led to an sharp bounce in most of the commodity-related sectors. Agriculture stocks were especially strong: POT +6.59%; CF +9.82%; MOS +10.35%; MON +5.2%. Metals and mining stocks also jumped: X +6.21%; BTU +8.32%; MEE +7.75%; CNX +7.73%. Energy-related plays drew buyers as well: RIG […]
By HappyTrading
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Also posted in POT, SPX, HES, MOS, X, FSLR, CF, RIG, MON, DVN, BTU, CNX, MEE, ENER
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August 12, 2008 – 5:15 pm
from MyHappyTrading.com by HappyTrading
The overall market was weak today, pressured by the financials once again. This morning, JPM disclosed widening losses in it mortgage portfolio. Both GS and BAC were down more than 6% WB tumbled 12.14% while WM dropped 9.28%. Gold fell under $810/ounce today, but, bounced back to about $815. The mining stocks closed […]
August 11, 2008 – 5:59 pm
from MyHappyTrading.com (by HappyTrading)
First trading day on the new site, and we’ve got bagger (+100%) trades to show. The market was strong most of the day. The Dow slipped into the red briefly in the afternoon, but, was able to come right back to close in the green. Techs led the market again, and the commodity-related […]
August 10, 2008 – 7:11 pm
from MyHappyTrading.com (by HappyTrading)
Last weekend, I said,“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, was […]
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