Happy Trading Blog

May 2008 - Posts

• Weekly Wrap!

  Posted May 31 2008, 05:06 PM by Happy Trading with no comments Last weekend, in my weekly Market Forecast , I said, " This market is in the “danger zone”. I certainly don’t like seeing SPX pushing on its daily lower BB. The techs look much stronger, with Nasdaqâ...

• Friday Comments

  Posted May 29 2008, 06:50 PM by Happy Trading with no comments Please use this post for Friday's comments. Thanks! HappyTrading! (tm)...

• Cashing Out On Oil, Up Goes The Qs! SPX, Nasdaq, MA, V, DELL, MRVL, DNA, GILD, CPHD

  Posted May 29 2008, 05:48 PM by Happy Trading with no comments The market was solid today; thanks to a favorable GDP report and declining oil prices . Commodities and energy plays, including the solars, were weak. Techs were strong, as QQQQ (the Qs) went back to nearly...

• Thursday Comments

  Posted May 28 2008, 06:04 PM by Happy Trading with no comments Please use this post for Thursday's comments. Thanks! HappyTrading! (tm)...

• Swing Market Ends Higher! SPX, Nasdaq, MOO, CF, MOS, POT, MON, RIG, DO, NOV, CLF, X, ANR, CNX, MEE

  Posted May 28 2008, 05:03 PM by Happy Trading with no comments The market opened higher today on favorable durable goods data . But, soon dropped into the red. However, after lunch, the commodities-related sectors seemed to gain more and more momentum. I, then, commented...

• Wednesday Comments

  Posted May 27 2008, 04:46 PM by Happy Trading with no comments Please use this post for Wednesday's comments. Thanks! HappyTrading! (tm)...

• Techs Lead The Market Higher! SPX, Nasdaq, AAPL, GOOG, RIMM, AMZN, BIDU, BMC, ORCL, SYMC

  Posted May 27 2008, 04:27 PM by Happy Trading with no comments The market was a bit volatile in the morning, but the techs were strong enough to push the market to close with some solid gains. Yesterday, in my Market Forecast , I said, " We are also seeing money being...

• Tuesday Comments

  Posted May 26 2008, 08:51 PM by Happy Trading with no comments Please use this post for Tuesday's comments. Thanks! HappyTrading! (tm)...

• Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, PBW, GLD

  Posted May 26 2008, 07:48 PM by Happy Trading with no comments Last week, the market could not continue with its new leg up and had a reversal. For the week, the Dow was down 507.17 points; SPX lost 49.42 points; Nasdaq slid 84.18 points. VIX closed above 19, at 19...

• Weekly Wrap!

  Posted May 26 2008, 06:48 PM by Happy Trading with no comments It was a tough week for the market last week. We've been watching VIX carefully to see how it handles the support at 16. On Monday , the market started out strong, but, as soon as VIX hit 16, profit-takers...

• Happy Memorial Day

  Posted May 25 2008, 12:28 PM by Happy Trading with no comments Hope you're having fun and enjoying your long weekend. I'll be back sometime tomorrow to do a quick weekly wrap and my weekly Market Forecast. Happy Memorial Day! HappyTrading! (tm)...

• Friday Comments

  Posted May 22 2008, 05:47 PM by Happy Trading with no comments Please use this post for Friday's comments. Thanks! HappyTrading! (tm)...

• Cash Is King! SPX, Nasdaq, STP, FSLR, SOLF, CSIQ, BIDU, DRYS, SINO, ISRG

  Posted May 22 2008, 04:46 PM by Happy Trading with no comments It was a very volatile day on the market, almost more volatile than on an options expiration day! There were lots of mid-day big swings. For example, X was strong in the morning, trading above $182; it...

• Thursday Comments

  Posted May 21 2008, 08:14 PM by Happy Trading with no comments Please use this post for Thursday's comments. Thanks! HappyTrading! (tm)...

• $130 Oil? Just Got Higher! SPX, Nasdaq, USO, CEO, NOV, SOLF, FSLR, LDK, TSL, SPWR, CSIQ, STP

  Posted May 21 2008, 07:13 PM by Happy Trading with no comments Yesterday , we were talking about $130 oil! Well, it just got higher today. We've also been looking at USO for the past couple of weekends in my weekly Sector Watch , and, we saw that it showed room to...