When the market falls, it falls fast! The dollar continued to glide higher, as investors sell off stocks in the commodity sectors. Oil fell to $77/barrel and gold dropped below $1030/ounce. Miners were extremely weak, led by coal names. Yesterday, MEE reported earnings that beat the estimates, but, revenue was on the soft side. In [...]
Category Archives: NOV
Market Tumbles On Weak Commodities! SPX, Nasdaq, DO, APA, NOV, WLT, CNX, MEE, BTU, AKAM, FSLR
October 28, 2009 – 7:36 pm
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XLF, XME
October 25, 2009 – 8:18 pm
Last weekend, in my Market Forecast, I said, "For the new week, we could see some major advancements in the market by the week’s end. The important thing is for the market to keep above SPX 1080 and Nasdaq 2150, while letting off some steam. Techs will see a lot of important earnings: AAPL (Monday), [...]
Energy Stocks Keep The Market Up! SPX, Nasdaq, SLB, DO, NOV, HAL, GOOG, IBM, GS, BAC
October 15, 2009 – 5:16 pm
This morning, Goldman Sachs (GS) reported stronger-than-expected earnings. But, since the financials jumped so much yesterday, investors locked in profits and traded the sector lower. GS slipped 1.9% for the day. However, energy stocks were very strong, as oil reached a new year-high at almost $78/barrel. Oil services were especially strong: SLB +4.16%, DO +3.35%, [...]
Commodity Sectors Rise As Market Extends Rally! SPX, Nasdaq, RIG, DO, SLB, NOV, CNX, BTU, MEE, CLF, ESI, APOL, LIZ
October 8, 2009 – 7:38 pm
The surprising profit from AA’s earnings report last night certainly gave a boost to the commodity sectors today. In addition, jobless claims fell to the lowest level since January. Oil services sector was especially strong today: RIG +5.04%, DO +2.72%, SLB +2.67%, NOV +4.12%. Coals stocks also pushed higher: CNX +4.23%, BTU +2.72%, MEE +2.68%, [...]
Oil Surges, Commodity Stocks Rise: SPX, Nasdaq, FSLR, AIG, FCX, DVN, APA, DO, NOV
August 19, 2009 – 4:58 pm
The market gapped lower today to open. On Monday, in my evening article, I wrote: "So, there’s no hurry jumping back on the long side just yet. I’d rather enjoy a couple of days playing the downside." We entered into some August puts on FSLR: August 17, 2009 08:51 | HappyTrading FSLR ($134.50) Bought to [...]
Is The Market Ready To Come Down? SPX, Nasdaq, WFC, STI, NOV, DO, BAC, IBM
April 20, 2009 – 9:28 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market finally came down, in a big way, after 6 weeks of rally!! Right out the gate, selling was intense, and… the market just kept sliding, until the close! Weakness was across the board. Financials and energy sectors were especially weak: WFC -16.09%; STI -18.46%; NOV -8.75%; [...]
Happy Easter Rally!!
April 9, 2009 – 12:53 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Wow, what a day!! Beginning with better job data and WFC announcing record profit, gapped up and continued higher as the day went! WFC finished up +31.7%!! The Dow was up +246.27 points, finishing above 8000! SPX closed above 850, and Nasdaq hurdled over 1600! [...]
Market Ends Up, Barely… SPX, Nasdaq, NE, DO, RIG, NOV, AXP, TXN
January 26, 2009 – 4:21 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was strong in the morning, but, slipped back into the red in the afternoon. It did finally managed to close with small gains. Energy stocks were strong today, especially oil services: DO +3.51%; NE +8.35%; RIG +4.94%; NOV +2.55%. This group has been [...]
Oil, Energy Sectors Lead The Market Lower! SPX, Nasdaq, DO, RIG, SLB, NOV, GE, ORCL, RIMM, POT
December 18, 2008 – 5:44 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was weak all day today. Last night, I wrote: “…[VIX's] hourly chart is bottoming. We have to be a little more careful here, as people are locking in profits. SPX 900 will be an important support level. Remember, this is also the options [...]
Energy Sectors Pulls The Market Lower! SPX, Nasdaq, RIG, DO, SLB, NOV, HES, APA, OXY
December 4, 2008 – 4:50 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market traded slightly higher in the morning, but, faded into an accelerated drop to the close. The energy sectors were especially weak. Oil prices continued to fall. Crude went below $44/barrel! Oil services tumbled to new 52-week lows: RIG -11.18%; DO -7.09%; SLB -5.95%; NOV [...]
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