from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market traded slightly higher in the morning, but, faded into an accelerated drop to the close. The energy sectors were especially weak. Oil prices continued to fall. Crude went below $44/barrel! Oil services tumbled to new 52-week lows: RIG -11.18%; DO -7.09%; SLB -5.95%; NOV [...]
Category Archives: SLB
Energy Sectors Pulls The Market Lower! SPX, Nasdaq, RIG, DO, SLB, NOV, HES, APA, OXY
December 4, 2008 – 4:50 pm
Market Finishes Up, Commodities Weak: SPX, Nasdaq, CNX, CLF, MEE, RTP, FCX, RIG, SLB, HES
December 3, 2008 – 4:19 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Market shrugged off a string of bad economic news this morning and traded higher in the afternoon. There were also talks about Treasury considering plans to lower mortgage rates to help the housing market. The market was still very volatile, changing directions twice before deciding [...]
Market Ends Up In Volatile Trading: SPX, Nasdaq, DO, RIG, NOV, SLB, DVN, HES, UPL, APA
October 23, 2008 – 5:18 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was strong in the morning, but, soon faded into the red. However, in the last hour, the market bounced and was able to close in the green. Energy and oil stocks were strong today: DO +14.51%; RIG +4.27%; NOV +9.4%; SLB +4.62%; DVN [...]
A Positive Open For The Markets: SPX, Nasdaq, DVN, HES, APA, CHK, BTU, MEE, ACI, CNX, RIG, SLB, DO, NOV
October 20, 2008 – 3:48 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! This weekend, in my Sector Watch, I wrote:“I’m finding XME interesting this week. Its MACD is already touching the signal. Coals showed a lot of strength last week as BTU reported very good earnings. On Friday, even though the market faded in the last hour, [...]
Energy Sectors Bounce! SPX, Nasdaq, DVN, HES, HK, CLR, RIG, SLB, NOV, STP, LDK, FSLR, TSL, CSIQ, ENER
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 [...]
Commodities Bounce; Financials Still Weak: SPX, Nasdaq, MEE, CNX, BTU, RIG, SLB, NOV, AEM, HPQ
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 [...]
Commodities Bounce! SPX, Nasdaq, POT, MOS, AGU, HES, CLR, SLB, FLR, MEE, PCX, AAPL, TXN, AXP
July 21, 2008 – 5:25 pm
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; CLR rebounded +5.04%; SLB [...]
Gold And Silver Plays Jump! SPX, Nasdaq, RIG, NOV, SLB, GLD, SLV, GDX, AEM, GOOG, DNA
July 14, 2008 – 6:28 pm
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 were yet [...]
Market Bounces!! SPX, Nasdaq, AAPL, RIMM, DNA, AMGN, BIIB, CELG, SLB, NOV, FLR, GMXR, CHK
July 1, 2008 – 5:19 pm
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 here yesterday, also broke out with [...]
Commodities Up, Techs Down: SPX, Nasdaq, FLR, NOV, RIG, DO, SLB, X, CLF, FSLR
June 23, 2008 – 5:29 pm
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, SLB, and NOV [...]
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