This morning, after more lousy housing and durable goods data, the market sank lower. We took the opportunity to lock in our profits on the downside plays: August 25, 2010 10:56 | HappyTrading MLM ($72.30) Sold to Close 09P75 Sep 75 puts, at $4.30 +62% 07:34 | HappyTrading PCP ($111.70) Sold to Close 09P115 Sep [...]
Category Archives: PCP
Market Bounces After 4 Days of Selling: SPX, Nasdaq, GOOG, AAPL, RIMM, AMZN, AKAM, PCP, MLM, GLD, SLV, PAAS, GOLD, ABX, NEM, TLT
August 25, 2010 – 3:58 pm
Market Breaks Above Key Resistance! SPX, Nasdaq, RIMM, AAPL, AMZN, GOOG, CLF, WLT, BHP, JOYG, BUCY, DO, RIG, BP, APC, APA, PCP, BA, BBY, MA, V
June 15, 2010 – 3:06 pm
Once again, the afternoon weakness, that occurred yesterday, turned out to be another shakeout! Today, the market cooked up a broadbased rally. So far, the market has behaved exactly as discussed in my Market Forecast this weekend. Techs were very strong today. RIMM led the charge with a +5.85% gain, while AAPL, AMZN, GOOG added [...]
Thursday Wrap-Up: AIG Leads The Market Back To Green!
August 27, 2009 – 7:24 pm
Today the market opened on the weak side. Most commodity sectors were pretty weak in the morning. However, AIG continued to push higher. Yesterday, in our Trading Room, Bagger Vance made an "buy" alert on AIG: Bagger Vance August 26, 2009 11:52 AM (PST) I’M GETTING AN AIG CALL PLAY ALERT HERE…take a look, if it’s [...]
Great Week: GOOG, HIG, PNC, GS, PCP
August 9, 2009 – 2:39 pm
We had another great week, with 100% GR$$N on our published trades, again: August 07, 2009 12:36 | HappyTrading GOOG ($458.60) Sold to Close GOPHJ Aug 450 calls, at $13.20 +17% 12:21 | HappyTrading HIG ($19.25) Sold to Close HIGHQ Aug 17 calls, at $2.60 +24% August 06, 2009 12:47 | HappyTrading HIG ($17.85) Sold [...]
Financials Lead The Market On A Big Drop! SPX, Nasdaq, STT, PNC, JPM, WFC, GS, AEM, PCP, IBM
January 20, 2009 – 5:12 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! This weekend, in my Market Forecast, I warned about the new “bearish formation” in XLF, the ETF for the financial sector. Right of the gate, the financials stumbled (STT -59.04%; PNC -41.4%; JPM -20.73%; WFC -23.82%; GS -18.96%), and SKF went sky-high (up +28.75% today)! [...]
Review 1/22/08: SPX, Nasdaq, PCP (Precision Castparts), SHLD (Sears Holdings), AAPL (Apple), TXN (Texas Instruments)
January 22, 2008 – 5:39 pm
Being pressured by a sell-off in the global financial markets, the Fed finally slashed interest rates by 75 Bps today. This certainly helped the market to minimize the loss today. The market futures were way down this weekend. Even with the rate cut being announced in pre-market hours, the market gapped down and quickly reached [...]
Market Forecast for Week of 10/8 (Part II): Sector Watch
October 7, 2007 – 2:37 pm
HGX (housing) I am finding HGX interesting because its has caught its daily upper BB and is pushing it higher. The daily MAs are starting to turn up also. Personally, I’m not looking for specific plays in this sector. However, I do think it is useful to keep an eye on how the sector is [...]
Review 8/22/07: SPX, Nasdaq, BHP, CFC, MGM, GOOG, AAPL, POT, PCP
August 22, 2007 – 5:39 pm
The Dow rose +145.27 points; SPX added +16.95 points; and the Nasdaq gained +31.5 points! WOOHOO!!! Yesterday, I said, “I think if/when SPX and Nasdaq both rise above their 10-day MAs, we’ll see more buyers coming in!” And, they are coming out from everywhere! Check out this map of the market: Noticed that the “basic [...]
Review 8/16/07: SPX, Nasdaq, Dow, PCU, X, RIMM, PCP, SPWR, CFC, HPQ, DELL
August 16, 2007 – 7:22 pm
Wow, what a day!! We made money on both sides (short and long)!! We started off with PCU and X puts, purchased yesterday. Right off the bat, those PCU puts doubled overnight!! We sold them way too early, as both PCU and X continued to drop. But, as the market bounced, we got into RIMM, [...]
Review 8/8/07: SPX, Nasdaq, VIX, CSCO, PCLN, SYX, HRS, PCP, SPWR, RIMM, ICE
August 8, 2007 – 7:27 pm
The stock market was in a very cheerful mood today! CSCO’s earnings seems to have inspired buyers to come back in. CSCO shares went up +6.7%, comparing to yesterday’s AH gain of +5.73%. I also mentioned PCLN yesterday with an AH rise of +10%, and it closed up more than +22%!! Things were simply on [...]
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