The market gapped up today, but, quickly dove into the red. Bush, in a “symbolic move”, lifted the ban on offshore drilling. This prompted the oil services sector to jump. OIH added +2.28% today, while, among its top holdings, RIG, NOV, and SLB recorded solid gains, +1.75%, +5.38%, and +2.65%, respectively.
The financials […]
The market started the day pretty well, seeing some gap-up opens in the energy sector and oil services. We quickly cashed out our gains in DVN and NOV (both mentioned yesterday). The DVN trade was purchased about a week ago and rendered a +43% gain; the NOV trade gave us an overnight profit […]
By HappyTrading
|
Also posted in Uncategorized, Nasdaq, SPX, X, RTP, CLF, DVN, ACI, ANR, MEE, PCX, CHK
|
The overall market was very weak in the morning. Then, after lunch, things started to bounce. AAPL and RIMM led the techs. AAPL added +4.32% while RIMM garnered +5.45%. The biotechs were strong today. CELG jumped +8.44%, or $5.39, as SuperGen Inc, a competitor, drug trial failed. DNA, mentioned […]
By HappyTrading
|
Also posted in Nasdaq, AAPL, RIMM, SPX, CELG, AMGN, BIIB, DNA, SLB, FLR, GMXR, CHK
|
On the last trading day of 2nd quarter, the market displayed little strength. It attempted to bounce all day, but, ended with sharp drops in the tech stocks. On the other hand, the energy sector (XLE) was strong and led the market. Metals and mining (XME) and oil services (OIH), which we […]
The overall market was pretty flat all day. While techs and financials were down, commodity sectors were up. The oil services sector (OIH) was very strong and finally broke out! This weekend, in my Market Forecast, I said of OIH,
“…I think sooner or later this sector will break out. RIG, DO, […]
The market opened higher today on favorable durable goods data. But, soon dropped into the red. However, after lunch, the commodities-related sectors seemed to gain more and more momentum. I, then, commented on the member board:
HappyTrading
Posted May 28, 2008 at 9:47 am | Permalink (Edit)
market
commodities are joining in; we might get a […]
By HappyTrading
|
Also posted in POT, Nasdaq, SPX, MOS, X, CF, DO, RIG, MON, MOO, CLF, CNX, ANR, MEE
|
Yesterday, we were talking about $130 oil! Well, it just got higher today. We’ve also been looking at USO for the past couple of weekends in my weekly Sector Watch, and, we saw that it showed room to go higher. USO closed today at a new all-time high of $108.31, as crude […]
By HappyTrading
|
Also posted in Nasdaq, SPX, USO, LDK, SPWR, FSLR, TSL, STP, SOLF, CEO, CSIQ
|
Oil prices jumped again! The broader market was pretty much weak all day. This morning, I said on the member board:
HappyTrading
Posted May 20, 2008 at 6:56 am | Permalink (Edit)
good morning.
Market
still weak; VIX at around $18, which is now a resistance. no hurry to act right now.
Commodities related sectors were strong. Oil, […]
By HappyTrading
|
Also posted in Nasdaq, SPX, HES, DO, RIG, AEM, DVN, UPL, APA, SU, CLR
|
Yesterday, in my evening post, I said, “The market does still show bullish formations in the major indices. We’ll have to see how VIX deals with the $18 mark (now, a resistance). If VIX gets pushed back down toward $16, we could still see the market forming a new leg up.”
This morning, VIX tried […]
By HappyTrading
|
Also posted in ATI, Nasdaq, SPX, FCX, PCU, X, RTP, DO, RIG, CLF, PKX, ACH
|
August 23, 2007 – 6:23 pm
The market was pretty uneventful today. Well, actually, it was volatile! But, if you’re keeping cash and not doing much when the market is unstable, like I am, it becomes “uneventful”. We closed only one trade today, on NOV, for a +32% gain:
NOV Sept 120 calls, NOVID, at $4.5, +32%
But, it does […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
