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Category Archives: WLT

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLE, XLF, FXI, GOOG, HES, OXY, GS, MA, APA, NOV, V, CEO, SOHU, CAT, BTU, ACI, SLB, JOYG, SINA, AA, CLF, CTRP, WLT, HMIN, UPL, YUM, BUCY, PTR

October 3, 2010 – 8:40 pm

 Subscribe via Email (FREE) Last weekend, in my Market Forecast, I said, "For the new week, market’s immediate resistance levels are SPX 1160 and Nasdaq 2400 to 2450.  However, if the market gets all its legs running, ie. mining, energy, and financial sectors, we could see SPX test 1170 to 1180, especially if VIX breaks [...]

By HappyTrading | Also posted in AA, BTU, CLF, GOOG | Comments (1)

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, MOO, GS, AMZN, PCLN, GOOG, CLF, WLT, FCX, ANR, MEE, POT, MOS, AGU, CF

September 6, 2010 – 8:56 pm

Last weekend, in my Market Forecast, I forecasted, "For the new week, we’ll look to see if we can continue to get improved economic data, especially the consumer confidence and Chicago PMI on Tuesday to perhaps set the tone.  On Friday, we’ll get the latest payroll numbers and unemployment rate.  VIX actually closed lower last [...]

By HappyTrading | Also posted in AGU, AMZN, ANR, CF, CLF, FCX, GOOG, GS, INX2, MEE, MOO, MOS, PCLN, POT, XLF, XME | Comments (0)

Market Jumps On Better Manufactoring Data: SPX, Nasdaq, CLF, WLT, JOYG, BUCY, AAPL, AMZN, NFLX, GOOG, AKAM

September 1, 2010 – 5:27 pm

The market bolted out of the gate today and never looked back.  Last night, China reported a better-than-expected PMI number.  Today, our ISM Index also showed better-than-expected manufacturing activity.  As discussed in my Market Forecast this weekend, we paid extra attention to the mining sector.  Our trade in CLF turned an overnight profit of +60% [...]

By HappyTrading | Also posted in AAPL, AKAM, AMZN, BUCY, CLF, GOOG, JOYG, NFLX | Comments (0)

Market Ended Mixed In Volatile Trading: BRCM, SNDK, MRVL, CLF, WLT, ANR, NFLX, AMZN, GOOG, AAPL

August 31, 2010 – 7:00 pm

The market was weak at the open, but, managed to bounce back.  However, immediately after the Fed minutes were released, the market suffered a quick drop.  It paddled back up in the last hour to closed flat, flat and mixed.  Techs were on the weak side with semiconductors getting hammered; mining stocks, on the other [...]

By HappyTrading | Also posted in AAPL, AMZN, ANR, BRCM, CLF, GOOG, MRVL, NFLX, SNDK | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XME, GLD, USO, MOO, AGU, POT, MOS, CF, GOLD, NEM, ABX, CLF, X, WLT, FCX

August 29, 2010 – 7:31 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, the technicals are still carrying a bias to the downside.  The M&A activities and the speculations for them are offsetting the inconsistency in the latest economic reports.  The M&A activities are bringing buyers into some sectors.  However, the industrials have been weak on [...]

By HappyTrading | Also posted in ABX, AGU, CF, CLF, FCX, GLD, MOO, MOS, NEM, POT, USO, X, XME, gold | Comments (0)

Market Bounces on Latest Economic Data and M&A Activity: SPX, Nasdaq, POT, BHP, CF, MOS, AGU, AMZN, WYNN, WLT, CLF, X, FCX

August 17, 2010 – 5:09 pm

The market was strong out of the gate this morning on the latest economic reports, including better-than-expected industrial production and housing data.  WMT reported solid earnings and raised its full-year guidance.  WMT shares traded up +1.21%.  HD barely beat the estimates with its earnings, but, its shares went up +3.4%. In addition, BHP initiated a [...]

By HappyTrading | Also posted in AGU, AMZN, BHP, CF, CLF, FCX, MOS, POT, WYNN, X | Comments (0)

Market Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X

August 11, 2010 – 7:39 pm

As further economic data showed slowing in the global economy, the US stock market took a sharp fall today.  Miners led the market lower:  WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%.  Market leaders such as GS and AAPL also took big falls.  GS dropped 3.02%, closing below $150.  AAPL lost 3.55%, [...]

By HappyTrading | Also posted in AAPL, ATI, CLF, CREE, CSCO, FCX, GS, Market Slumps On Renewed Economic Worries: SPX, Nasdaq, RTI, VECO, X | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG

August 8, 2010 – 8:11 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data.  For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase.  To break higher, SPX will have to break above 1120.  For Nasdaq, the resistance is at 2300." [...]

By HappyTrading | Also posted in ACI, AGU, AIG, ANR, BAC, BTU, CF, GLD, GS, JPM, MEE, MOO, MOS, POT, WFC, XLE, XLF, XME | Comments (0)

Market Closes Above Key Resistance! SPX, Nasdaq, BP, APC, RIG, DO, CLF, WLT, FCX, BHP, POT, CF, AGU, MOS, HLF

August 2, 2010 – 4:54 pm

Last Thursday, in our Trading Room among the many discussions, I pointed out that, "This market is on the verge of a run up…"  Last night, in my Market Forecast, I commented on the strength in the market indices, "For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase."  The [...]

By HappyTrading | Also posted in AGU, APC, BHP, BP, CF, CLF, DO, FCX, HLF, MOS, POT, RIG | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, USO, XME, INX2, MOO, POT, CF, AGU, MOS, MELI, AOL, CLF, WLT, BHP, FCX

August 1, 2010 – 7:40 pm

Last weekend, in my Market Forecast, I said, "VIX has sank back below 24, which could signal the intention to rally.  We’ll have to see if the market can continue to push higher and stay above SPX 1100.  If SPX 1100 is cleared, SPX should retest the 1120 level.  Miners went up quite a bit [...]

By HappyTrading | Also posted in AGU, AOL, BHP, CF, CLF, FCX, INX2, MELI, MOO, MOS, POT, USO, XME | Comments (0)