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Yesterday, in my article , I mentioned that we should see some profit-taking and more volatility. This morning, the latest economic data were mostly positive with solid industrial production and benign inflation numbers . Housing starts, however, dropped. The market was a little soft at the open, but...
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Yesterday, in my article , I mentioned that we should see some profit-taking and more volatility. This morning, the latest economic data were mostly positive with solid industrial production and benign inflation numbers . Housing starts, however, dropped. The market was a little soft at the open, but...
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Last weekend, in my Market Forecast , I wrote: " For the new week, we should see strength in the market early in the week. Friday's jobs report actually paints a very good scenario for the stock market. While jobs were added, the unemployment rate was left unchanged. This should help to keep...
Posted to
My Happy Trading Community Articles
by
HappyTrading
on
Sun, Apr 11 2010
Filed under:
Filed under: JPM, AEM, GS, WFC, MS, BAC, ABX, GOLD, PAAS, NEM
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Last weekend, in my Market Forecast , I wrote: " For the new week, we should see strength in the market early in the week. Friday's jobs report actually paints a very good scenario for the stock market. While jobs were added, the unemployment rate was left unchanged. This should help to keep...
Posted to
Happy Trading Blog
by
HappyTrading
on
Sun, Apr 11 2010
Filed under:
Filed under: GS, BAC, JPM, MS, AEM, WFC, ABX, GOLD, PAAS, NEM
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In my Market Forecast (click here) this weekend, I said, " Many tech and financial leaders could use a breather. On Tuesday, we have the FOMC meeting. The market may act undecidedly ahead of the meeting. If the market slips ahead of Fed's rate decisions but manages to keep close to SPX 1150...
Posted to
Happy Trading Blog
by
HappyTrading
on
Tue, Mar 16 2010
Filed under:
Filed under: RIG, DO, AEM, ACI, MEE, GOLD, SLB, CLF, WLT, NEM, PCX
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In my Market Forecast (click here) this weekend, I said, " Many tech and financial leaders could use a breather. On Tuesday, we have the FOMC meeting. The market may act undecidedly ahead of the meeting. If the market slips ahead of Fed's rate decisions but manages to keep close to SPX 1150...
Posted to
My Happy Trading Community Articles
by
HappyTrading
on
Tue, Mar 16 2010
Filed under:
Filed under: AEM, DO, ACI, MEE, GOLD, CLF, RIG, SLB, NEM, WLT, PCX
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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...
Posted to
My Happy Trading Community Articles
by
HappyTrading
on
Sun, Nov 15 2009
Filed under:
Filed under: GLD, MA, APA, XLF, JPM, PNC, AEM, GS, WFC, XLE, BAC, V, GDX, BLK, ABX, GOLD, AXP, CVX, XOM, OXY, SLB, RGLD
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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...
Posted to
Happy Trading Blog
by
HappyTrading
on
Sun, Nov 15 2009
Filed under:
Filed under: GLD, OXY, GS, BAC, MA, APA, JPM, PNC, XLE, XLF, AXP, AEM, XOM, V, GDX, WFC, BLK, ABX, GOLD, SLB, CVX, RGLD
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It was a volatile morning while stocks bounced around and experienced fast swings in a tight range. We got shaken out of a couple of trades in the morning. But, soon, much attention turned to gold as it rallied to a new record high, trading above $1084/ounce! Gold surged on news that the Reserve Bank...
Posted to
Happy Trading Blog
by
HappyTrading
on
Tue, Nov 3 2009
Filed under:
Filed under: YGE, GLD, SLV, AEM, STP, TSL, UNP, BNI, ABX, GOLD, PAAS, CSX
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Today, the market was very strong, as the dollar dropped further and the commodity sectors countinued to bounce. Gold and silver plays broke out higher, as I commented in our Trading Room this morning: October 6, 2009 7:28 AM I slept in today and woke up to a multi-5-figure day!! ($$,$$$) Thanks AEM...
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Today, the market was very strong, as the dollar dropped further and the commodity sectors countinued to bounce. Gold and silver plays broke out higher, as I commented in our Trading Room this morning: October 6, 2009 7:28 AM I slept in today and woke up to a multi-5-figure day!! ($$,$$$) Thanks AEM...
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The market was very choppy today. It opened higher, but, soon dipped back to hover around the flatline. A drop in consumer confidence prompted the market to be a little more cautious . Education stocks were strong today. ESI was up +2.42% and traded almost to $112 before closing at $110.05. APOL added...
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Even though the jobs data was favorable this morning, the commodity sectors remained weak. It was a signal that profit-taking was going to continue. Crude oil and gold prices fell further. Miners dropped lower: AEM -5.22%, GOLD -3.41%, BTU -2.58%, MEE -4.77%, CNX -3.22%. This morning, I commented in...
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Even though the jobs data was favorable this morning, the commodity sectors remained weak. It was a signal that profit-taking was going to continue. Crude oil and gold prices fell further. Miners dropped lower: AEM -5.22%, GOLD -3.41%, BTU -2.58%, MEE -4.77%, CNX -3.22%. This morning, I commented in...
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Last weekend, in my Market Forecast , I said, " For the new week, most sectors seem to have sync'd up to go higher. SPX closed right at its 10-day MA while Nasdaq closed above. Another solid green day, the indices could have the daily upper BB within their reach. The market will need to push...
Posted to
My Happy Trading Community Articles
by
HappyTrading
on
Sun, Sep 13 2009
Filed under:
Filed under: GLD, USO, AEM, UUP, XME, X, FCX, GOLD, CLF, MSFT, PAAS, ORCL, SWH, ADBE