This morning, the market was encouraged by a possible rescue plan for Greece’s debt crisis.  In addition, CAT received an upgrade from Morgan Stanley.  Commodity sectors jumped and pushed the Dow back above the 10,000 mark.  CAT finished the day up +5.42%.  Both BUCY and JOYG also benefitted, gaining +4.48% and +2.74%, respectively.  AGU reported [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, it looks like the market is entering into a bearish phase.  Although a bearish formation is not established in its daily MAs yet, the sentiment on the market is very bearish.  There is a slew of new economic data coming in next week, starting with [...]

That was quite the rollercoaster ride this week!  Something for everyone…bulls and bears.  Feasting on the run that started the week, bulls pulled in their horns in advance of Friday’s job report, and while today ended nearly flat that certainly wasn’t the case.  A loss of 20K jobs and some very heavy margin selling took the indices [...]

Yesterday, in my evening article, I said, "After 2 days of bouncing, the market may need a bit of rest tomorrow before some important earnings reports…"  Indeed, we saw some profit-taking today.  Commodity sectors were mostly weak.  BIDU jumped another $23.6, or +5.54% to close just a tad under $450, as Goldman Sachs raised its [...]

This morning, pending home sales numbers came in better than expected.  In addition, DHI reported its first profittable quarter in 3 years!  Housing stocks were very strong:  DHI +10.92%, MDC +7.73%, TOL +3.59%, PHM +7.48%.  Biotechs also had a good day with the BTK breaking above 1000, yet another all-time high:  CELG +1.39%, GENZ +2.71%, [...]

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 [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in danger of breaking down into a "correction".  Besides more earnings reports, FOMC meeting is on Wednesday and the Senate will determine whether Bernanke gets to keep his seat as Fed’s Chairman.  The week will likely be volatile, especially the beginning.  [...]

The market had a horrible week to close out January.  We had downside plays in place, but, got shaken out, as the market was very volatile.  We gave back some gains this week, but, it was still a pretty solid month.  Here are the January closed trades (gains over +50% are highlighted): 12:25 | HappyTrading BUCY [...]

The market was volatile today, as expected.  In the morning, while Geithner and Paulson were getting questioned by the Congress, the market remained weak.  After AAPL’s media event got started, things became a little better.  AAPL did indeed reveal its new tablet, the "iPad".  The initial reaction was not so good, as AAPL sold off [...]

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 [...]

Last weekend, in my Market Forecast, I said, "For the new week, the market will start on some shaky grounds.  Once again, it’s mostly about the earnings!  On Tuesday, before the market opens, C reports, and after the market, we’ll hear from IBM.  These could set the tone for the broader market until Thursday, when GS [...]

What a crazy week!  With China trying to prevent a bubble in its economy and President Obama’s potential bank regulations, investors were in a foul mood!  This morning, our members were look for trades on the long side and discussing whether we’d get a bounce today.  I said, in our Trading Room, January 22, 2010 7:46 [...]

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 7:26 AM [...]

After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts.  Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum.  Other sectors followed higher.  Energy stocks turned green.  Miners were also strong.  Tonight, Brown secured a victory.  Health care stocks may get a pop [...]

Happy MLK Day!  Hope you’ve had a nice long weekend! Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks strong, but, will have to be supported by good earnings.  Breaking and staying above SPX 1150 could be a psychological blow to the shorts.  Steel stocks may have run a bit too far [...]

Even though the market indices ended higher today, the individual sectors produced mixed results.  We saw pockets of strength here and there, but, also some weak areas.  Miners were mostly weak, perhaps still lingering on AA’s earnings report.  Solar stocks were up in the morning, but, did a big reversal in the afternoon when news [...]

Yesterday, in our Trading Room, while trading locking in profits on puts (short-side plays), I said, January 12, 2010 9:54 AM market they’ll likely position on the upside starting tomorrow and on Thursday for INTC’s earnings… Sure enough, after the initial "morning sickness", the market rallied back!  We cashed out our puts and started looking for long-side plays: January 13, 2010 [...]

Last night, AA reported earnings that missed the estimates.  The market gapped down at the open and slid lower, although the Dow climbed back up, ending down only 0.34%!  AA shares closed 11.06% lower for the day.  Commodity sectors were weak across the board.  Energy, metals, and miners were all down:  HES -4.01%; WLT -2.9%, [...]

Last weekend, in my Market Forecast, I wrote, "For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate.  With the MACD turning lower, we could see another couple of days of profit-taking in various sectors.  It will be important for SPX to hold above [...]

Those members who are in the Trading Room, and get to converse with me on a daily basis, know that I’m on vacation this week.  For some inexplacable, yet very "happy" reason, I seem to always trade exceptionally well while on vacation.  Needless to say, I’m trading lightly.  Yet, so far, they are all winners (trades with [...]

Those members who are in the Trading Room, and get to converse with me on a daily basis, know that I’m on vacation this week.  For some inexplacable, yet very "happy" reason, I seem to always trade exceptionally well while on vacation.  Needless to say, I’m trading lightly.  Yet, so far, they are all winners (trades with [...]

It’s only a couple of days into the new year, yet the bullish sentiment has just exploded.  Opportunities to make trades are all over the place, breadth is strong and that means broad sector moves.  Let’s face it, a big lake to fish in beats a tiny pond.  At any rate, Monday set up for [...]

The bulls couldn’t wait to get going and ran the markets up strong all day long.  This was the biggest one day move in quite some time, you’d have to go back to Nov 16 to find the SPX up more than 1.5% on higher turnover.  As one would expect breadth was spectacular on this [...]

Last weekend, in my Market Forecast, I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week.  If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week.  On the other hand, if the market [...]

Happy New Year!  Well, it’s been quite a year. Our published trades have brought profits just about every month of the year, besides Oct 09, which we gave back some gains late in the month to close about even. We’ll strive for a even better year in 2010.  Here are the closed trades for December 2009 [...]

Well, it’s nearly the end of the year, with only 2 trading days left (Friday is the 1st and it’s a market holiday).  The volume was light and the market took a breather, which was discussed in my Market Forecast this weekend.  Not much new development besides pockets of strength here and there.  On Monday, [...]

Last weekend, in my Market Forecast, I wrote: "For the new week, we’ll pay attention to the GDP and retail reports on Tuesday.  Nasdaq looks really strong.  Its daily upper BB has opened up.  Normally, I’d say that Nasdaq is setting up for a breakout.  But, with this "undecided" market environment, we’ll have to wait until [...]

It’s been a very nice week as the market breaks higher.  We’re 100% green on the closed trades, yet again (trades above +50% gain are highlighted): December 24, 2009 08:14 | HappyTrading GOOG ($617.50) Sold to Close GOPAA Jan 600 calls, at $24.00 +61% 07:27 | HappyTrading GOOG ($615.80) Sold to Close GOPAA Jan 600 calls, [...]

This morning, crude inventories came in lower than expected.  New home sales was down, but personal spending and salary rose.  These were enough to keep investors’ jovial holiday spirit.  Energies, coals, and steels (all mentioned yesterday) continued to rise:  CNX+4.94%, BTU +2.58%, APA +0.87%, WLT +1.31%. Internet stocks were hot today.  PCLN recorded a new 52-week high, [...]