February 1, 2010 – 9:11 pm
This morning, in addition to encouraging manufacturing and personal spending data, XOM reported better-than-expected earnings. As discussed in my Market Forecast last night, the market was ready for a bounce. Energy stocks led the market higher: XOM +2.72%, RIG +3.07%, DO +3.67%, APA +3.68%, WLT +4.74%, UPL +4.98%.
AMZN shares fell more than 5% as it […]
December 22, 2009 – 5:32 pm
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 higher […]
By HappyTrading
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Also posted in POT, MOS, X, BTU, ACI, CNX, NUE, MEE, AKS, XTO, WLT, BBBY
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December 14, 2009 – 6:05 pm
Last night, Dubai received a $10 billion bailout from Abu Dhabi. This morning, XOM announced a $31 billion deal to buy XTO, sending XTO stock up more than +15%! Other stocks in the energy sector jumped as well: APA +4.09%, DVN +4.55%, UPL +3.78%, ECA +4.99%. Besides natural gas companies, solar stocks were also up: […]
By HappyTrading
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Also posted in LDK, MA, C, TSL, SOLF, COF, CSIQ, ECA, DVN, UPL, APA, V, WFC, BAC, XTO
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December 6, 2009 – 9:36 pm
Last weekend, in my Market Forecast, I wrote:
"Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market. VIX jumped to test 26 on Friday and closed just below 25. However, SPX’s daily MAs have just developed into a new bullish formation! There are still some […]
By HappyTrading
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Also posted in GS, SOXX, JPM, INTC, GLD, XLF, AMAT, MRVL, BRCM, TXN, CVX, ALTR, XLE, WFC, BAC
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November 15, 2009 – 9:43 pm
Last weekend, in my Market Forecast, I said,
"For the new week, the market will start the week in a neutral position. If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher. The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150. Although VIX closed below 25, […]
By HappyTrading
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Also posted in GS, gold, JPM, GLD, XLF, MA, SLB, ABX, GDX, AXP, AEM, APA, V, CVX, XLE, WFC, BAC, PNC, BLK, OXY, RGLD
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October 25, 2009 – 8:18 pm
Last weekend, in my Market Forecast, I said,
"For the new week, we could see some major advancements in the market by the week’s end. The important thing is for the market to keep above SPX 1080 and Nasdaq 2150, while letting off some steam. Techs will see a lot of important earnings: AAPL (Monday), YHOO […]
By HappyTrading
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Also posted in MT, GLD, XLF, XME, X, NOV, CLF, ACI, CVX, MEE, XLE, AKS
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August 23, 2009 – 7:36 pm
Last weekend, in my Market Forecast, I wrote:
"For the new week, after trying hard, but unsuccessfully, to break away from the recent resistance levels (SPX 1000; Nasdaq 2000), the market technicals are showing slight weakness. The MACD on both SPX and Nasdaq have turned lower. Nasdaq closed below its 10-day MA. SPX closed right at its […]
By HappyTrading
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Also posted in EBAY, GS, GOOG, JPM, FCX, XLF, XME, PCLN, INX2, AMZN, APA, CVX, XLE, PRU, BAC, AIG, OXY, HIG, WFT
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February 20, 2009 – 1:11 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
Even though President Obama signed the stimulus plan into law, the economic worries just seemed to be overwhelming for the markets right now. Chrysler requested an addition $5 billion while GM said it may need another $30 billion! Financials led the decline again: GS -11.14%, […]
By HappyTrading
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Also posted in Uncategorized, GS, Nasdaq, JPM, SPX, SKF, CVX, WFC, MS, EEV, SRS
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February 3, 2009 – 4:52 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market rallied higher today, led by the biotechs. MYGN reported better-than-expected earnings and propelled its shares to an 8-year high, up +17%!! OSIP shares jumped more than +16% on positive results on its cancer drug, Tarceva. BIIB was also among the solid gainers, adding […]
By HappyTrading
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Also posted in GLD, HES, BIIB, ISRG, OSIP, LLY, APOL, AEM, APA, ESI, MYGN
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December 10, 2008 – 7:34 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership!
The market traded in a tighter range today and eked out a gain. The financials were on the weak side, but, the commodities jumped again! Energy stocks were very strong: CVX +3.81%; XOM +2.39%; DVN +9.54%; OXY +11.07%; APA +8.75%; CHK +23.22%! Gold and silver […]
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