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Category Archives: POT

July 2010 Monthly Wrap: POT, GS, GOOG, BP, RIMM

It’s been a very choppy month.  Although the market recorded a gain for the month, it went through big swings to get there.  Nevertheless, we came away with some pretty good trades: July 29, 2010 12:54 | HappyTrading GS ($153.00) Sold to Close 08C150 Aug 150 calls, at $5.70 +36% 12:40 | HappyTrading GS ($152.60) [...]

Market Ends Down In Volatile Trading: SPX, Nasdaq, POT, GS, SPY, CLF, GMCR, CME, CTXS, WYNN, FSLR, MET

The market started out in the positive territory as jobless claims fell.  However, as I stated last night, "SPX can easily slide down to test 1100 again."  SPX went up as high as 1115.9 and quickly turned lower.  Around noon, SPX had dropped all the way to 1092.  That’s almost 24 points on the SPX, or [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU

Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in…  The market is barely being supported by its daily MAs.  A quick dip could send it to test SPX 1040 again.  It’ll be up to the earnings again.  Monday and Tuesday could induce big [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM

Last weekend, in my Market Forecast, I said: "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks.  The above mentioned levels should be the first resistances.  We could see some volatile trading to start the week.  If the market cannot break SPX 1040, [...]

Market Pushes Higher: SPX, Nasdaq, POT, CF, MOS, RIG, DO, APC, HAL, BP, GOOG, AMZN, PCLN

Yesterday, I mentioned that "we should see resistance between SPX 1070 and 1080."  This morning, the market tested SPX 1070 and started to pullback a bit.  But, in the last hour, the market pushed higher again, closing above SPX 1070. Agriculture stocks were strong:  POT +4.02%, CF +5.12%, MOS +4.63%.  Oil services continued to run [...]

Market Jumps On Better Economic Data! SPX, Nasdaq, BHP, CLF, GS, BP, APC, NOV, NBL, DO, RIG, CF, POT, AGU, MON

This morning, the latest jobless claims fell by the largest amount in almost a year.  In addition, China reported solid export numbers.  The market opened strongly and closed even higher.  On Tuesday, in my article, I gave some trading ideas.  Basically, I said that if the market is strong, the buying will be in the energy [...]

Market Stalls After 3-Day Rally: SPX, Nasdaq, NFLX, BIDU, BG, POT, CF, MOS, KSS, SHLD, JWN

The market certain had an impressive 3-day rally.  Since Monday’s big jump (Dow +405 points) on Europe’s rescue package, the market continued to push higher.  We saw many of the recent market leaders make new highs.  For example, NFLX traded as high as $119.5 on rumors of being a buyout target for AMZN.  Just last [...]

Market Keeps Gains On Fed: SPX, Nasdaq, FAS, NFLX, POT, CLF, WLT, FSLR, BIDU, GMCR, AKAM, PALM, HPQ, ABX

As expected, the market was volatile and saw some buying after yesterday’s sharp selloff.  Also as expected, the Fed kept interest rates unchanged, at historic lows.  We locked in some more profits today and also cut the loss on POT ahead of its earnings tomorrow morning: April 28, 2010 11:23 | HappyTrading POT ($109.20) Sold [...]

Calm Before the Storm: RIG, FWLT, POT

Another stellar day of BOOKED gains for us!  We hit a BIG triple, and with more to come!  $$$$ April 20, 2010 10:03 | Bagger Vance FWLT ($31.50) Sold to Close UFB 05222010 30 C May 30 calls, at $2.15 +115% 08:12 | Bagger Vance RIG ($92.50) Sold to Close RIG 05222010 90 C May [...]

Market Cheers Better Retail Numbers! TGT, GPS, AMZN, POT, MON, MOS, AGU

The market opened on the downside today, as jobless claims were a little higher than expected.  But, stocks turned positive investors decided to cheer better retail numbers, instead.  Target (TGT) added +3.02% while Gap (GPS) gained +3.06%.  AMZN jumped +4.52% today.  There were rumors that AMZN’s Kindle will soon be selling in Target stores.  AMZN closed above $140.  [...]