August 20, 2008 – 5:29 pm
from My Happy Trading.com
The market managed to keep some small gains, closing on a strong note. Techs were a bit weaker. Metals and energy groups showed a lot of strength. XLE (energy) added nearly +2.89%. The familiar energy names were mostly up: DVN +6.47%; CLR +7.28%; HES +5.64%; HK +8.43%. Oil services continued where they […]
By HappyTrading
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Also posted in HES, LDK, FSLR, NOV, TSL, STP, RIG, CSIQ, DVN, CLR, ENER, HK
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August 19, 2008 – 5:59 pm
from My Happy Trading.com
Financials and techs were weak for the 2nd straight day. On the other hand, commodity-related sectors bounced. Metals and mining groups were strong. Coals showed a lot of strength: MEE +7.58%; CNX +6.53%; BTU +7.64%. Oil services also recorded solid gains: RIG +2.46%; SLB +3.93%; NOV +4.37%. Crude oil closed above $115/barrel. […]
The market was pretty flat all day. Financials and techs took a breather, while commodity-related sectors bounced. Metals, energy, oil, and agriculture were all strong today. MOS led the fertilizer group, rising almost $12, or +9.38%; POT added +6.52%, and AGU gained +6.56%. In the energy sectors: HES went up +6.26; […]
By HappyTrading
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Also posted in POT, Nasdaq, AAPL, SPX, HES, MOS, TXN, AGU, AXP, FLR, CLR, MEE, PCX
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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 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
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Also posted in Nasdaq, AAPL, RIMM, SPX, CELG, NOV, AMGN, BIIB, DNA, FLR, GMXR, CHK
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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 jumped out the gate this morning. SPX topped 1440 and Nasdaq went above 2550. But, soon after lunch, as VIX hit below the $16 support, profit-taking started. On the member site, I said,
HappyTrading
Posted May 19, 2008 at 10:49 am | Permalink (Edit)
VIX
hitting $16; some profits are being locked in.
We also […]
January 2, 2008 – 6:53 pm
The market opened higher, but, quickly faded into the red. The market tried to bounce in the early afternoon, but, slid back some to the close. The Dow lost 220.86 points; SPX gave up 21.20 points; Nasdaq stumbled 42.65 points.
The big news today were, of course, record-high oil and gold! Oil prices […]
December 12, 2007 – 7:07 pm
This morning, the market opened up sharply, almost completely erasing yesterday’s loss, as the Fed announced further plans to deal with credit problems. But, the big gains quickly faded.
Yesterday, I said, “The market now could slide further to test the 20-day MA (the cyan line). On the other hand, this quick drop might give […]
![[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)
