Happy Trading Blog

August 2007 - Posts

• Weekly Wrap!

  Posted Aug 31 2007, 02:51 PM by Happy Trading with 2 comment(s) We had anther great week! Here are the closed trades: NVDA Sept 47.5 calls, UVAIW, at $3.7, +30% (partially out) NVDA Sept 47.5 calls, UVAIW, at $3.9, +36% (all out) RIMM Sept 80 calls, RFYIP, at $7, ...

• Friday Comments Board

  Posted Aug 30 2007, 04:41 PM by Happy Trading with 213 comment(s) Please use this post for Friday's comments. Thank you! HappyTrading! src="http://pagead2.googlesyndication.com/pagead/show_ads.js">...

• XLF Chart!!

  Posted Aug 30 2007, 04:40 PM by Happy Trading with no comments XLF XLF managed to stay above 33. We'll probably need to see a jump above the 30-day MA (black line) to get the 20-day MA turned up! HappyTrading! (tm) src="http://pagead2.googlesyndication.com/pagead...

• Review 8/30/07: SPX, Nasdaq, DELL, OTEX, OVTI

  Posted Aug 30 2007, 04:38 PM by Happy Trading with no comments It was another volatile day on the market. A lot of attention is on the tech stocks, as Nasdaq went up as much as +24.7 points, but, ended up only +2.14. SPX closed down 6.12 points. The Dow lost 50.56...

• Thursday Morning Board

  Posted Aug 29 2007, 08:34 PM by Happy Trading with 211 comment(s) Please use this post as Thursday's comments board. Thank you!...

• XLF Chart!!

  Posted Aug 29 2007, 08:32 PM by Happy Trading with no comments XLF 10-day MA crossed above the 30-day MA. A good sign. HappyTrading! (tm) src="http://pagead2.googlesyndication.com/pagead/show_ads.js">...

• Review 8/29/07: SPX, Nasdaq, SIGM, NOVL, MO

  Posted Aug 29 2007, 08:29 PM by Happy Trading with no comments IT'S A BEAUTIFUL DAY!! (please come to the blog site to see the video from U2) The Dow ended up +247.44 points; SPX gained +31.4 points; and the Nasdaq got back every point it lost yesterday, and more...

• XLF Chart!!

  Posted Aug 28 2007, 07:10 PM by Happy Trading with 166 comment(s) XLF XLF is back to testing that support at 33, which I think it might hold this time. If it does, it would mean that SPX 1440 will hold tomorrow. We'll see. Good night and HappyTrading! (tm) src="http...

• Review 8/28/07: SPX, Nasdaq, STX, NCTY, LEND, BA

  Posted Aug 28 2007, 07:07 PM by Happy Trading with no comments It was an ugly day on the market. House prices fell and consumer confidence was lower. The market started down and continued to bleed until the close. SPX dropped 34.43 points; Nasdaq lost more than 60;...

• Tracking XLF

  Posted Aug 27 2007, 05:58 PM by Happy Trading with 170 comment(s) XLF XLF lost $0.40 today, but, the volume was very low. It managed to stay above the 30-day MA, which is a good sign....

• Review 8/27/07: SPX, Nasdaq, ONXX, PTR, SNDA, WFMI, OATS

  Posted Aug 27 2007, 05:54 PM by Happy Trading with 10 comment(s) The market was volatile today. It found plenty of resistance at the 30-day MA ( see my post this weekend ). But, one group shined through: the Chinese stocks! I mentioned some of these stocks in my sector...

• Chinese ADRs On Fire, Once Again!!

  Posted Aug 27 2007, 04:07 PM by Happy Trading with no comments Most of the Chinese ADRs have come down with the U.S. market since mid July. But, last week, in one week, many of them took it all back. FXI is at a new all-time high, jumping more than +23.9 points, or...

• Shipping Sailing Off

  Posted Aug 26 2007, 11:58 AM by Happy Trading with 191 comment(s) The shipping sector is getting some buyers' attention! DRYS DRYS is looking really good. It went up more than +4% on Friday and has recaptured its daily upper BB. It could go continue up higher from here...

• Market Forecast for Week of 8/27 (Part II): Sectors to Watch

  Posted Aug 25 2007, 09:50 PM by Happy Trading with no comments Well, besides watching XLF for the overall market conditions, what else are interesting? Chinese Stocks ( FXI ) FXI has completely recovered from the correction and is at a new all-time high!! Many of...

• Market Forecast for Week of 8/27 (Part I): SPX, Nasdaq, Dow

  Posted Aug 25 2007, 04:52 PM by Happy Trading with 5 comment(s) The market dashed for the finish line this week. The Dow finished up nearly +143 points; SPX gained +16.87 points; and Nasdaq garnered almost +35 points. Here are how the 3 major indices did for the week...