Skip navigation

Category Archives: X

Market Jumps On Healthier Economy! WYNN, LVS, FFIV, CREE, AAPL, NFLX, X

The market was strong today as stronger reports on jobs and services industries painted a better economic picture.  Casino stocks broke out to new heights:  WYNN added +6.3% and LVS soared +9.67%.  We caught a quick intraday trade on WYNN for a +50% gain: April 05, 2010 12:15 | HappyTrading WYNN ($82.10) Sold to Close 04C75 [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, XLF, CLF, WLT, X, GS, BHP

Last weekend, in my Market Forecast, I wrote: "For the new week, the market will need to push higher to catch the daily upper BB soon if this rally were to continue.  SPX and Nasdaq spent the last 4 trading sessions hovering around their respective key levels.  The daily upper BBs are closing in; so, [...]

Commodity Stocks Roar Back! SPX, Nasdaq, WLT, CLF, X, NUE, RTP, CAT, DE, BUCY, JOYG, AAPL, ADBE, ORCL

The market spent most of the day in the positive territory.  In the last couple of hours, the rally accelerated into the close.  Miners have been weak, but, they roared back up today.  WLT jumped $5, or +5.79%, to close at $91.3; that’s $9 up from yesterday’s open!  CLF added +6.87%.  X was up +4.94% while [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, MOO, CLF, WLT, X, MEE, POT, CF, TRA, MOS, AGU

Last weekend, in my Market Forecast, I wrote: "For the new week, both SPX and Nasdaq are showing a new bullish formation in their respective daily MAs.  Nasdaq is basically at the resistance set back in January, 2325.  SPX’s next resistance is at 1150.  Above these resistance level, the market could break out to a [...]

Commodity Sectors Rally Higher! SPX, Nasdaq, TRA, POT, MOS, CF, AGU, TSL, GLD, CNX, CLF, BTU, X, RTP

Stocks rallied today, led once again by the commodity sectors.  As I have been saying for a week now, "The dollar is very strong, but, perhaps needs a breather.  Commodity sectors could see buyers rushing in if the dollar pulls back."  The dollar finally got a meaningful pullback today, sending SPX towards 1100. Over the [...]

Market Unstable Ahead Of Busy Wednesday: SPX, Nasdaq, AIG, X, GS, FSLR, SPWRA, AMSC, TSL, AAPL, YHOO, GILD, SANM, SHW

In the past 2 days, the market has been really unstable, trading in a tight range, but, basically unchanged since last Friday’s close.  Tomorrow, lots of things are happening.  Treasure Secretary Timonthy Geithner will be questioned by the Congress on AIG’s bail out.  AIG stock has been falling continuously for the past 4 days, including [...]

Financials Lead The Market On Pullback! SPX, Nasdaq, GS, CME, ICE, X, FCX, RTP, GOOG, FFIV, AXP, COF

The market opened slightly higher this morning.  But, within the first 30 minutes from the open, the market slid into the red.  Before the end of the first hour, the market started to drop sharply!  In the Trading Room, I warned our members promptly: January 21, 2010 7:26 AM VIX green, be careful… January 21, 2010 [...]

Coals And Steels Lead The Market Higher! SPX, Nasdaq, BBBY, CNX, BTU, ACI, MEE, X, NUE, AKS, WLT, POT, MOS, XOM, XTO

This morning, a +7.4% jump in existing home sales gave investors something to cheer about!  All top 10 holdings of XHB (S&P Homebuilders ETF) made gains: BBBY was especially strong, adding +3.48%.  Besides the homebuilders, miners were very strong, especial the coal stocks:  CNX +4.05%, BTU +3.7%, ACI +5.03%, MEE +2.38%.  Steel stocks also pushed [...]

Market Claws Back Into the Green! SPX, Nasdaq, AAPL, RIMM, X, AMSC, CLF, MEE, CNX, BTU, ACI, GS, RIMM, IBM

The market open on the strong side today.  It sank down into the red in early afternoon, but, was able to close strongly back into the green!  We had a lot of plays going in the Trading Room today. More than a month ago, I talked about AMSC and that the January calls looked attractive.  On November [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH

Last weekend, in my Market Forecast, I wrote, "For the new week, a strong move to open the week should push the market above SPX 1100.  If the market does close above SPX 1100, we should see a new bullish formation on SPX’s daily chart.  We should see new buyers rush into the market, if [...]