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Category Archives: UUP

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD, XME (public)

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said, “So, for the new week, we should be looking at how the market reacts to the “rescue plan” for the automakers when the details are finally agreed on.  It does seem that the market is more ready [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, SKF, SOXX

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Hope you’ve all had a wonderful and fullfilling Thanksgiving dinner with your friends and family!  The market finished November with a strong bounce, although it still recorded a loss for the month.  During the last week of November, the market was able to make continuous gains.  For the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, UUP, SKF

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, I wrote: “For the new week, we are again at the options expiration week.  Volatility will likely be a given.  The daily MAs are heading lower again, with a new bearish formation developing.  If the market goes below the recent lows again (SPX [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD, XLE, FXI

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! It was another week of huge swings.  Last weekend, in my Market Forecast (Please log in first, if you haven’t; you can sign up for a FREE account if you don’t have one), we looked at the support and resistance levels: “Next week, we have [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD, XLF

Sector Watch UUP (dollar)Last weekend, we were looking at UUP hitting some resistance between $27-$28.  On Monday, it got there and preceded to let off some steam.  It hit $26 on Thursday and jumped back up on Friday.  The chart still looks bullish, especially with UUP closing above the 10-day MA.  UUP could retest that $27-$28 [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, UUP, XLF

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said,For the new week, what we should be looking for is a bullish crossover on the MACDs.  The MACDs (the red lines) are now very close to MACD signals (the green lines).  If the red lines cross over above [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, UUP, USO, XME

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! After 3 weeks of precipitous falling, the market finally captured a winning week.  For the week, the Dow was up +401.03 points; SPX added +41.33 points; Nasdaq gained +61.78 points.  Last weekend, in my Market Forecast, I wrote,“This weekend, around the globe, governments are coming [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, GLD

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said,“There are some talks about Fed cutting interest rates, but, UUP chart is looking pretty strong (see Sector Watch).  VIX has room to top 50 this week.  Overall, the sentiment on the market is very bearish, and, with [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, VIX

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last week was another brutal week for the markets.  The Dow lost 817.75 points; SPX dropped 113.78 points; Nasdaq tumbled 235.95 points!  The commodity sectors crashed and the techs continued to be weak.  On Monday, House voted down the rescue plan and the Dow lost [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, UUP, USO, XLF, XME, SOXX

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Last weekend, in my Market Forecast, I said,“For the new week, we’ll need to see this market continue to rally.  Any big drops will likely bring back fear and discourage the investors.  After a 2-day, sharp rise, we’ll have to see how the market does on Monday.  We could [...]