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Category Archives: PRU

Making Money In A Down Market! SPX, Nasdaq, GS, PRU, JPM, WFC, SHLD, NFLX, DECK, EOG, WYNN, LVS, MGM

May 20, 2010 – 4:42 pm

In my Market Forecast for this week, I mentioned, "SPX 1120 could provide some initial support, but, below SPX 1120, the market could test SPX 1080."  On Tuesday, in our Trading Room , I said, May 18, 2010 12:13 PM VIX should at least test 40 on this run… From Monday through Wednesday, SPX tested 1120.  [...]

By HappyTrading | Also posted in DECK, EOG, GS, JPM, LVS, MGM, NFLX, SHLD, WFC, WYNN | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, BTK, AIG, AET, UNH, SLXP, NUVA, CELG, AMGN, OSIP, GENZ, PRU

February 28, 2010 – 8:40 pm

Last weekend, in my Market Forecast, I said, "For the new week, as mentioned last weekend, SPX 1120 will be the nearest resistance.  The market has rallied quite far.  Unless, there are really positive news to help push the market higher, SPX 1130 could be a tough resistance beyond the 1120.  So, if SPX 1130 cannot [...]

By HappyTrading | Also posted in AET, AIG, AMGN, BTK, CELG, GENZ, GLD, NUVA, OSIP, SLXP, UNH, UUP, XLF | Comments (0)

Market Bounces After Fed Keeps Rates Unchanged: SPX, Nasdaq, AAPL, GS, PRU, WFC, PNC, BAC, NFLX, QCOM, AMZN, MSFT

January 27, 2010 – 7:53 pm

The market was volatile today, as expected.  In the morning, while Geithner and Paulson were getting questioned by the Congress, the market remained weak.  After AAPL’s media event got started, things became a little better.  AAPL did indeed reveal its new tablet, the "iPad".  The initial reaction was not so good, as AAPL sold off [...]

By HappyTrading | Also posted in AAPL, AMZN, BAC, GS, MSFT, NFLX, PNC, QCOM, WFC | Comments (0)

Market Comes Alive On “Mutual-Fund Monday”! SPX, Nasdaq, WLP, ESRX, UNH, PNC, PRU, STT, MA, GOOG, MOS, SEED, GRO

November 23, 2009 – 8:30 pm

The market hopped out of the gate this morning on some "happy feet" as home sales jumped in October to their highest level in more than 2-1/2 years!  In addition, gold continued to make new record highs, trading nearly to $1175/ounce intraday.  As gold went higher, gold miners followed up, which in turn inspired other [...]

By HappyTrading | Also posted in ESRX, GOOG, GRO, MA, MOS, PNC, SEED, STT, UNH, WLP | Comments (0)

Fed Leaves Rates At Historical Lows: SPX, Nasdaq, GLD, ABX, GOLD, CSCO, QCOM, NWSA, PRU

November 4, 2009 – 8:00 pm

This morning, in our Trading Room, a member asked about what to expect immediately after the Fed’s rate decision annoucement: angar November 4, 2009 6:58 AM Good morning happy. are you expecting rally after Fed meeting today? I replied: November 4, 2009 7:18 AM Fed don’t have big expectations, besides volatility, but, if SPX can [...]

By HappyTrading | Also posted in ABX, CSCO, GLD, NWSA, QCOM, gold | Comments (0)

Market Cheers GDP Report: SPX, Nasdaq, FCX, RTP, BTU, ABX, PRU, PNC, HIG, WFC, CLF, PCLN, LVS, WYNN

October 29, 2009 – 8:46 pm

This morning, the GDP report was better than expect, coming in at +3.5% (vs. the consensus of +3.2%) for the quarter from July through September.  The market was encouraged by the news and rallied back up, after the recent 4-day selloff.  The Dow was particularly strong, charging up almost +200 points!!  Commodity sectors had sold off hard earlier [...]

By HappyTrading | Also posted in ABX, BTU, CLF, FCX, HIG, LVS, PCLN, PNC, RTP, WFC, WYNN | Comments (0)

The Market Sinks As The Dollar Bounces: SPX, Nasdaq, MA, HIG, PRU, PNC, SOHU, BIDU

October 26, 2009 – 7:39 pm

The market popped higher this morning.  But, after 2 hours of trading, it took a sharp dive and continued lower until the close.  It was a similar move as what happened on Friday.  In both case, the dollar bounced.  Commodity sectors were mostly red.  The gold and silver plays were especially weak.  Financials also fell [...]

By HappyTrading | Also posted in BIDU, HIG, MA, PNC, SOHU | Comments (0)

M&A Deals Boost Stocks: SPX, Nasdaq, XRX, ACS, ABT, GS, HIG, AXP, PRU, BLK, CME, ICE

September 28, 2009 – 8:12 pm

This morning, the market opened higher, encouraged by M&A deals.  Xerox (XRX) announced a $6.5 billion deal to buy ACS.  XRX shares dropped 14.48% while ACS jumped +14.%.  Abbott Laboratories (ABT) said it would pay $6.6 billion for the pharmaceutical business of Belgian chemicals maker Solvay.  ABT shares traded higher by +2.64%. The financials responded [...]

By HappyTrading | Also posted in ABT, ACS, AXP, BLK, CME, GS, HIG, ICE, XRX | Comments (0)

Biotech Index At New All-Time Closing High! GS, HIG, PRU, AIG, CNX, BTU, ACI, MEE, DNDN, SPPI, HGSI, PDLI, INCY

September 14, 2009 – 8:21 pm

The market opened lower today, but, closed in the green, again!  As I mentioned in my Market Forecast on Sunday, "[T]he market needs to let off some more steam."  It did so in the morning.  We continued to discussed the importance of the commodity sectors, which were mostly in the red on Monday morning.  But, [...]

By HappyTrading | Also posted in ACI, AIG, BTU, CNX, DNDN, GS, HGSI, HIG, INCY, MEE, PDLI, SPPI | Comments (0)

Clever Move (Down) By The Market! SPX, Nasdaq, AIG, HIG, PRU, BAC, COF, WFC, GS

September 1, 2009 – 9:11 pm

This morning, the market traded higher as home sales and factory data were better than expected.  But, within minutes after the data were released, the sell-off began.  The financials led the market down and kept dropping until the close.  Insurers were hammered!!  AIG, which tripled in August from less than $15 to a high of [...]

By HappyTrading | Also posted in AIG, BAC, COF, GS, HIG, WFC | Comments (0)