The market continued to push higher today, ramping up to new 2010 highs! Financials were strong today. FAS (financial bull 3x ETF) hit an intraday high of $96.84. In early February, FAS touched an intraday low of $60. That’s a +61% rise from the February low in just a little over one month!! BLK got […]
By HappyTrading
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Also posted in Nasdaq, HES, APA, ANR, MEE, PCX, PNC, BLK, STT, OXY, HIG, WLT, Market Marches On! SPX, APC
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Financials stayed strong today and helped to push S&P 500 to a new 17-month closing high! In my Market Forecast this weekend, I said, "… the market has gone quite far, so it may need a breather through the mid-week. If the market can hold its altitude while letting off some steam, we could see […]
By HappyTrading
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Also posted in GS, GOOG, AAPL, RIMM, MA, FSLR, AMZN, C, TSL, STP, V, PNC
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Last weekend, in my Market Forecast, I said,
"For the new week, although market still looks strong, it is also toppy. After 2 weeks of rallying, it is starting to look sluggish. SPX 980 is posing some resistance. We could see some profit-taking and consolidation here before testing SPX 1000. SPX 950 now should be a […]
By HappyTrading
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Also posted in GS, gold, FCX, GLD, XLF, XME, X, ABX, AEM, UUP, STT
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from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The first thing I said in the Trading Room this morning was:
HappyTrading May 6, 2009 6:47 AM
good morning!
energy stocks and financials
are strong!
The energy and financial stocks just kept on going higher today. WFC +15.59%, STI +14.99%, PNC +11.93%, and BAC +17.07% all had […]
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After closing above SPX 875 and Nasdaq 1700 last week, the market opened strongly and rallied until the close! In our Trading Room today, a member asked about SPX 900 being a resistance:
yagezilla May 4, 2009 9:03 AM
Happy: Is next resistance 900 spx?
I answered:
HappyTrading May 4, 2009 […]
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April was not a particularly easy month for trading, as it was more of a consolidating month for the stock market. SPX was tightly range-bound between about 815 and 875. However, we traded carefully and scored a LOT of great trades. V treated us really well. […]
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The market finally came down, in a big way, after 6 weeks of rally!! Right out the gate, selling was intense, and… the market just kept sliding, until the close! Weakness was across the board. Financials and energy sectors were especially weak: WFC -16.09%; STI -18.46%; NOV -8.75%; […]
April 17, 2009 – 12:03 pm
It’s been a busy week! We started out on a great day on Monday and ended with another good day on Friday. Here are the closed trades for the week:
April 17, 2009 09:36 | HappyTrading STI ($18.07) Sold to Close SFJEC May 15 calls, at $4.31 +100% 09:22 | HappyTrading STI ($17.92) Sold to Close […]
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The market was a bit ”wobbly” today. It started out weak, and was able to regain its footing. But, in the afternoon, it slipped into the close. Well, the market has been going up and up. People are bound to take profits. We locked in our profits […]
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Yesterday’s heroes are today’s villains! Financials finally saw substantail profit-taking today. PRU was down 24.72%!! STI gave back 10.72%. MS has been weak lately, trading back down to $21. GS lost 5.65% and closed under $100. Commodity-related sectors were strong today. Oil traded higher, $51/barrel, as […]
![[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)
