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Category Archives: RIG

Sept 2010 Monthly Wrap: AIG, GOOG, GS, RIG, FSLR

October 2, 2010 – 3:12 pm

The market had a strong showing in September.  We also had a good month with only a few trades in the red.  Trades in AIG, GOOG, GS, RIG, and FSLR produced some big profits.  This past week was a bit difficult to trade, as the market had a hard time pushing higher and was stuck [...]

By HappyTrading | Also posted in AIG, FSLR, GOOG, GS | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, OIH, INX2, RIG, DO, NOV, APC, BP, AMZN, PCLN, AAPL, GOOG, HPQ, MFE, ARST, FCX, APA, OXY, HES

September 12, 2010 – 7:00 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, the market may need a bit of consolidation.  Both SPX and Nasdaq are showing bullish crossovers in their respective MACDs.  VIX closed below 22, a level which had been a solid support since May.  Wednesday has some economic data that may help to [...]

By HappyTrading | Also posted in AAPL, AMZN, APA, APC, ARST, BP, DO, FCX, GOOG, HES, HPQ, INX2, MFE, NOV, OIH, OXY, PCLN, XLE, XME | Comments (0)

Weekly Wrap 9/10/2010: RIG, WYNN, GOLD

September 10, 2010 – 3:23 pm

The market consolidated during the first couple of days of the week and resumed higher.  Major market indices finished slightly up for the week.  We were basically in the waiting mode to start the week and finally cashed out some winners today.  We got into RIG yesterday as it was trying to break out.  RIG [...]

By HappyTrading | Also posted in WYNN, gold | Comments (0)

Market Closes Above Key Resistance! SPX, Nasdaq, BP, APC, RIG, DO, CLF, WLT, FCX, BHP, POT, CF, AGU, MOS, HLF

August 2, 2010 – 4:54 pm

Last Thursday, in our Trading Room among the many discussions, I pointed out that, "This market is on the verge of a run up…"  Last night, in my Market Forecast, I commented on the strength in the market indices, "For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase."  The [...]

By HappyTrading | Also posted in AGU, APC, BHP, BP, CF, CLF, DO, FCX, HLF, MOS, POT, WLT | Comments (0)

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

July 11, 2010 – 8:47 pm

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, [...]

By HappyTrading | Also posted in APA, APC, BP, CF, FSLR, GLD, HAL, MOO, MOS, NEM, PBW, POT, STP, TSL, XLE, YGE | Comments (0)

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

July 8, 2010 – 2:19 pm

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 [...]

By HappyTrading | Also posted in AMZN, APC, BP, CF, DO, GOOG, HAL, MOS, PCLN, POT | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, OIH, XLF, FSLR, TSL, YGE, GS, MA, V, DO, RIG, SLB, RIG, APC

July 5, 2010 – 9:42 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, this week is still range-bound with a bearish bias.  The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again.  However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s [...]

By HappyTrading | Also posted in APC, DO, FSLR, GLD, GS, MA, OIH, SLB, TSL, USO, V, XLF, YGE | Comments (0)

Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE

July 1, 2010 – 4:57 pm

On Tuesday, in my evening article, I said, "There is some resistance at 36 for VIX.  We may see shorts start to cover some positions before Friday’s unemployment report.  Profit-taking happens on the downside, too!  There’s a lot of focus on the SPX 1040.  If that does not hold, the next soft support is SPX [...]

By HappyTrading | Also posted in AAPL, ABX, AMZN, APC, BP, CMG, DO, FDX, FXE, GLD, NEM, Nasdaq, UPS, gold | Comments (0)

6/25/10 Weekly Wrap: V, RIG, GS, WYNN

June 26, 2010 – 1:19 pm

The market was very volatile, once again!  VIX went briefly above 30 on Thursday.  Monday morning’s gap-up open turned out to be a head-fake for the broader market, as SPX came all the way from 1130 to below 1080.  Gold and oil charged higher on Friday, with gold closing above $1255/ounce!  Here are the closed [...]

By HappyTrading | Also posted in GS, V, WYNN | Comments (0)

How Fast Things Can Turn: SPX, Nasdaq, APA, BP, RIG, DO, CME, ICE, V, MA, RIMM, AAPL, ORCL

June 24, 2010 – 5:53 pm

Just this Monday, things seemed ready to break out with the Chinese yuan finally loosening its peg to the dollar.  A couple of bad housing reports and a few days later, this market is at the verge of breaking down again!  SPX shot up above 1131 on Monday morning; today, it closed below 1080, at 1073.69.  [...]

By HappyTrading | Also posted in AAPL, APA, BP, CME, DO, ICE, MA, ORCL, RIMM, V | Comments (0)