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. […]
August 17, 2008 – 9:16 pm
from My Happy Trading.com
The market eked out a small gain with SPX adding only +1.88 points for the week. However, the techs were stronger. Nasdaq gained +38.42 points. The general sentiment on the market was better as the dollar bounced strongly and oil prices fell lower. Commodities continued to be on the weak side. Gold […]
August 13, 2008 – 5:33 pm
Oil prices rebounded today as US gasoline inventory dropped. This also led to an sharp bounce in most of the commodity-related sectors. Agriculture stocks were especially strong: POT +6.59%; CF +9.82%; MOS +10.35%; MON +5.2%. Metals and mining stocks also jumped: X +6.21%; BTU +8.32%; MEE +7.75%; CNX +7.73%. Energy-related plays drew buyers as well: RIG […]
By HappyTrading
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Also posted in POT, Nasdaq, HES, MOS, X, FSLR, CF, RIG, MON, DVN, BTU, CNX, MEE, ENER
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August 12, 2008 – 5:15 pm
from MyHappyTrading.com by HappyTrading
The overall market was weak today, pressured by the financials once again. This morning, JPM disclosed widening losses in it mortgage portfolio. Both GS and BAC were down more than 6% WB tumbled 12.14% while WM dropped 9.28%. Gold fell under $810/ounce today, but, bounced back to about $815. The mining stocks closed […]
August 11, 2008 – 5:59 pm
from MyHappyTrading.com (by HappyTrading)
First trading day on the new site, and we’ve got bagger (+100%) trades to show. The market was strong most of the day. The Dow slipped into the red briefly in the afternoon, but, was able to come right back to close in the green. Techs led the market again, and the commodity-related […]
August 10, 2008 – 7:11 pm
from MyHappyTrading.com (by HappyTrading)
Last weekend, I said,“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, was […]
The market opened lower and got weaker as the day went. After 2 days of gains, the market was ready to take a breather. AIG’s horrific quarterly results gave the market more of a reason to take some money off the table. AIG shares fell more than 18% today. C’s multi-billion […]
The market started out weak, but, finished strong. Yesterday, in my evening post, I said, “Tomorrow, we may see the market wobble a bit after today’s big gains. If the market can hold these levels with modest gains, it would be a good accomplishment tomorrow.” The market did exactly that, with Nasdaq outperforming […]
This weekend, in my Market Forecast, I said,
“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, […]
By HappyTrading
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Also posted in GOOG, Nasdaq, AAPL, RIMM, JPM, CSCO, PCLN, AMZN, PRU, FNM, WB
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Commodity-related sectors were down big today and kept pressure on the overall market. USO went down 3.48% as the crude traded below $120/barrel intraday. Energy sector took a tumble: HK -14.23%; HES -7.97%; CLR -9.63%; DVN -7.43%. Oil services were hit pretty hard too: NOV -8.05%; DO -6.08%; RIG -4.26%. […]
By HappyTrading
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Also posted in Uncategorized, POT, Nasdaq, HES, MOS, NOV, CF, DO, RIG, AGU, DVN, CLR, HK
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