Premarket Analysis for 8/8 - Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
MyHappyTrading Rocket Testing for new site!
How do you test a new kind of rocket engine? Step 1: Bolt it to a trailer in the middle of the Mojave Desert. Step 2: Vroom! In this case, NASA is firing up the 5M15, which runs on compressed liquid methane. The odorless substance has multiple advantages [...]
Financials Weigh On The Market Again: SPX, Nasdaq, AIG, BAC, C, SNDK, AMAT, INTC- The market opened lower and got weaker as the day went. After 2 days of gains, the market was ready to take a breather. AIG’s horrific quarterly results gave the market more of a reason to take some money off the table. AIG shares fell more than 18% today. C’s multi-billion [...]
Market Goes Higher Following Yesterday’s Jump: SPX, Nasdaq, RIMM, GOOG, BIDU, SINA, EDU, CMED- The market started out weak, but, finished strong. Yesterday, in my evening post, I said, “Tomorrow, we may see the market wobble a bit after today’s big gains. If the market can hold these levels with modest gains, it would be a good accomplishment tomorrow.” The market did exactly that, with Nasdaq outperforming [...]
Premarket Analysis for 8/6 - Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Wednesday, August 6th
WALL STREET JOURNAL: Increasing commodity prices, tough competition, little international exposure and slowing sales all mean that Tootsie Roll Industries (TR) is a troubled company that may be a takeover target, according to the Wall Street Journal. “I don’t see why Nestle (NSRGY) or Hershey (HSY) or [...]
Commodities Kept Pressure On The Market: SPX, Nasdaq, HES, DVN, HK, CLR, NOV, DO, RIG, POT, AGU, MOS, CF- Commodity-related sectors were down big today and kept pressure on the overall market. USO went down 3.48% as the crude traded below $120/barrel intraday. Energy sector took a tumble: HK -14.23%; HES -7.97%; CLR -9.63%; DVN -7.43%. Oil services were hit pretty hard too: NOV -8.05%; DO -6.08%; RIG -4.26%. [...]
Premarket Analysis for 8/5 - Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Tuesday, August 5th
WALL STREET JOURNAL: Last Friday’s Yahoo (YHOO) shareholder vote which supported CEO Jerry Yang with an 85% margin has been questioned by Capital Research Global Investors, a fund that owns about 6% of the company’s shares, according to the Wall Street Journal. Capital Research wants Broadridge [...]
Canadian Superior Energy and Challenger Energy Could Be On The Brink Of A Jackpot. (SNG, CHQ, UNG, XLE)- Submitted By Optiondragon
With natural gas (UNG) and oil (USO) pulling back from recent highs, energy names have also corrected. That being said maybe now is the time to look for some gems. SNG and CHQ are my favorite energy plays right now. Traders in our forum have heard me discuss the prospects of these [...]
Weekly Wrap + Market Forecast: SPX, Nasdaq, XLF, USO, GLD, FXI, BTK- The market was volatile last week and ended flat. The Dow ended the week down 44.37 points; SPX added +2.55 points; Nasdaq gained just +0.43 points. Since the market was swinging from side to side very fast and was range-bound, we did not make too many trades.
However, once again, we ended [...]
Premarket Analysis for 8/1 - Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Friday, August 1st
WALL STREET JOURNAL: The Wall Street Journal reported that Carlyle Group is set to liquidate its $600M Blue Wave hedge fund. Blue Wave, a joint venture between Carlyle Group and Rick Goldsmith and Ralph Reynolds, formerly of Deutsche Bank (DB), looked to make a variety of investments [...]
Premarket Analysis for 7/31- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Thursday, July 31st
WALL STREET JOURNAL: According to people briefed on the discussions, the Wall Street Journal reported that Google (GOOG) is in discussions to start a venture-capital arm that will be led by David Drummond, senior vice president of corporate development and chief legal officer. Additionally,Google reportedly hired William [...]
Biotechs Jump On IMCL: SPX, Nasdaq, BMY, IMCL, CELG, OSIP, SVNT, ACOR, THOR, CNX, FSLR- Today, the market was pretty much all about the biotechs! This morning, BMY announced its intention to buy IMCL for $60/share. The news inspired a jump in the whole biotech sector. BMY shares traded down 1.81% and IMCL shares jumped +37.66%! CELG added +1.85%; OSIP hopped +5.34%; SVNT advanced +2.78%; and [...]
Over the long term, Jack in the Box should surprise investors in a good way.
Commodity Sectors Join The Rally: SPX, Nasdaq, HES, CLR, CHK, NOV, RIG, FSLR, V, CF, MOS, POT- The market was strong today with commodity-related sectors joining the rally. USO (oil) jumped +4.17%, while UNG (natural gas) went up +2.02% Crude traded up more than $4 as a surprise drop in the U.S. oil supply was reported. XLE (energy) led the rally today, flying up almost +6%! Here are [...]
Premarket Analysis for 7/30- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Wednesday, July 30th
WALL STREET JOURNAL: During a conference call with analysts, the Wall Street Journal reported that EarthLink (ELNK) CEO Rolla Huff indicated the company is open to doing a deal with Time Warner’s (TWX) AOL unit after commenting that the company wants to open the door for [...]
Premarket Analysis for 7/29- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Tuesday, July 29th
WALL STREET JOURNAL: Starbucks (SBUX) said it will close over two-thirds of its 84 stores in Australia, the most severe of its foreign restructuring plans, the Wall Street Journal reported…The Wall Street Journal also reported that beginning August 1 GMAC LLC (GMA), the biggest volume auto lender [...]
Financials Dive, Market Follows: SPX, Nasdaq, FNM, FRE, MER, GS, MA, BAC, BIDU, QCOM- Well, it is still pretty much all about the financials on the market. Even with the housing bill passed this weekend, the financial sector still could not find any cheering today. XLF fell another 4.7% to close below $20. FNM and FRE opened up in the morning, but, quickly slid into the [...]
Premarket Analysis for 7/28- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Monday, July 28th
WALL STREET JOURNAL: The Wall Street Journal reported that Motorola (MOT) is reorganizing its home and networks mobility unit into three distinct units, a move which may make it easier for Motorola to sell some of the businesses in the future…In a victory for high-tech companies and [...]
Three Earnings Catalysts To Watch On Monday! (ALXN, HGR, GTI)- Submitted By Optiondragon
The Genius Of Picasso
Earnings has been in full force for the past couple weeks and the big names have mostly reported but I pride myself on finding relative unknown earnings plays in the second half of earnings season…well I’m about to let the cat outta the bag on three right now. ALXN, [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, GLD, XME, MOO- Last week, the market was able to rally above the daily MAs before seeing a sharp, profit-taking session on Thursday. On Friday, the market was able to poise itself with minor gains and the techs leading.
SPX
SPX added +5.22 points to close at 1257.76. It closed pretty much right at the 20-day [...]
Weekly Wrap!- Last weekend, in my Weekly Forecast, I said, “For the new week, as long as the financial sector continues to recover to the upside, the overall market should do the same. On this initial bounce, it would be good to see the market go at least above the daily MAs. For SPX, it will be [...]
Premarket Analysis for 7/25- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Friday, July 25th
WALL STREET JOURNAL: The Wall Street Journal reported that Cleveland -Cliffs (CLF) was set to buy Alpha Natural Resources (ANR) for $10B, but they didn’t get an okay from Phil Falcone’s Harbinger Capital, which holds 16% of Cleveland, and two days before the deal was to be [...]
Market Locks In Profits: SPX, Nasdaq, BIDU, AMZN, QCOM, GS, BAC, MA, MER- Yesterday, on the member board, with 1 hour left in trading, I said:
HappyTrading
Posted July 23, 2008 at 12:04 pm | Permalink (Edit)
I’m starting to go cash!
This was because many of the tech and financials stocks were showing short-term tops. Yesterday, after the market BIDU, AMZN, and QCOM reported good earnings and news. The [...]
The favored status of the retailer is in question after an earnings warning.
Premarket Analysis for 7/24- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Thursday, July 24th
WALL STREET JOURNAL: The Wall Street Journal’s “Smartmoney Stock Screen” looks at eight companies whose valuations make them ripe to buy, and they also may be in the sites of corporate buyers. The big eight include Asbury Automobile (ABG), Crane (CR), Scholastic (SCHL) and Scotts Miracle-Gro (SMG)…The [...]
Market Rally Continues; Techs Lead: SPX, Nasdaq, CME, ISRG, BAC, BIDU, AMZN, QCOM- The market was solid all day today, and kept the rally going. Commodities were once again weak and the oil prices fell further. Techs led the market, although biotechs took a breather. CME, mentioned yesterday, went up another +6.65%, or $24.35, closing above $390! Among our members, angar held on to this [...]
Premarket Analysis for 7/22- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
From Briefing.com
Periodicals Wrap-Up for Tuesday, July 22nd
WALL STREET JOURNAL: The books of Fannie Mae (FNM) and Freddie Mac (FRE) are being examined by the Federal Reserve and the Office of the Comptroller of the Currency to review their financial condition, according to the Wall Street Journal…The Wall Street Journal also reported that [...]
Commodities Bounce! SPX, Nasdaq, POT, MOS, AGU, HES, CLR, SLB, FLR, MEE, PCX, AAPL, TXN, AXP- The market was pretty flat all day. Financials and techs took a breather, while commodity-related sectors bounced. Metals, energy, oil, and agriculture were all strong today. MOS led the fertilizer group, rising almost $12, or +9.38%; POT added +6.52%, and AGU gained +6.56%. In the energy sectors: HES went up +6.26; [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, GLD, SOX- The market finished off a nice week and is looking at more earning reports in the coming week. With the financials bouncing solidly, the market showed some good signals of finding the bottom:
SPX
SPX added +0.36 points to close at 1260.68. It closed above its 10-day MA. The 10-day MA flattened. The [...]
Weekly Wrap!- The market finished a strong week with the Dow up +396.03 points, SPX adding +21.19 points, and Nasdaq gaining +43.7 points! Last weekend, in my Market Forecast, I said,
“The market is still in a very precarious position. SPX is trying hold on to 1240. Nasdaq tested 2200 on Friday and bounced back, but still [...]
Premarket Analysis for 7/17- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
Bruce Lee Tribute
Bruce Lee : Like Water
From Briefing.com
Periodicals Wrap-Up for Thursday, July 17th
WALL STREET JOURNAL: The Wall Street Journal reported that it is the Bush Administration versus Democrats versus Republicans to decide the strategy to stabilize Fannie Mae (FNM) and Freddie Mac (FRE). The Administration’s plan would let the Treasury Department advance a [...]
Wells Fargo To The Rescue! SPX, Nasdaq, WFC, GS, MA, JPM, MER, AMZN, BIDU, RIMM, EBAY, GOOG, SPWR- Despite the high CPI, the market rallied today, in a big way! Even though CPI came in higher than expected, the market chose to focus on the good news. Wells Fargo (WFC) reported strong quarterly results and raised its dividend. WFC shares jumped +32.76% and led the whole financial sector on a [...]
The market was once again, ALL OVER THE PLACE! It gapped lower at the open, as gold and silver jumped. We cashed out on our gold plays early in the morning: HappyTrading
Posted July 15, 2008 at 7:04 am | Permalink (Edit) good morning.
AEM ($79.4)
AEMGO, rest out at $5.3
GLD ($97.25)
GLDHP, out at $5.1
might be a early on GLD, since we have Aug’s. AEMs are July’s so, taking the profits are good here for me.
We got +35.8% gain on the AEM trade and +30.7% on GLD. AEMGO closed at $2.05 and GLDHP closed at $4.5.
The Fed and the Treasury Department announced a plan to backstop Fannie and Freddie.
Premarket Analysis for 7/19- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
Jason Mraz - I’m Yours
From Briefing.com
Periodicals Wrap-Up for Monday, July 14th
WALL STREET JOURNAL: The Wall Street Journal reported that worries are deepening among regulators, executives and consumers about the U.S. banking industry following the federal government’s seizure of IndyMac Bank (IMB)…According to a person familiar with the situation, the Wall Street [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, GLD, BTK- The market ended another volatile week with the Dow down 188 points, SPX losing 23.41 points, and Nasdaq sliding just 6.3 points. We monitored the market cautiously and faired pretty well, with not too many published trades:
GLD (95)
GLDHK, Aug 89 calls, at $7, +59%
MER ($28.6)
MERSF, July 30 puts, at $2.9, -4.9%
SVNT ($27.37)
UVPGE, July [...]
Premarket Analysis for 7/11- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
Journey - Don’t Stop believing
From Briefing.com
Periodicals Wrap-Up for Friday, July 11th
WALL STREET JOURNAL: Rick Wagoner, the CEO of General Motors (GM), hit out against allegations that the auto maker may soon file for bankruptcy and said he believes the company’s financial position will “remain robust” for the rest of the year. Wagoner also [...]
Market Gives Back Gains, And More! SPX, Nasdaq, X, CLF, GOOG, AAPL, CME, ICE, MER, GS, MA- The market started day well, especially the mining sector, gapping up on AA’s earnings report late yesterday. But, soon after lunch, things started to turn and VIX started to go up again, as I commented on the member board:
HappyTrading
Posted July 9, 2008 at 9:03 am | Permalink (Edit)
VIX
green. careful…
HappyTrading
Posted July 9, 2008 at 11:05 [...]
The financial sector will be the flash point for a reversal of fortune.
Premarket Analysis for 7/9- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By optiondragon
BRYAN ADAMS SUMMER OF 69
From Briefing.com
Periodicals Wrap-Up for Wednesday, July 9th
WALL STREET JOURNAL: Corporate advertisers are not flocking to YouTube despite the fact that the video sharing site attracts one billion views a day, upsetting Google’s (GOOG) expectations for a strong revenue stream, according to the Wall Street Journal. Total ad revenue for [...]
Oil Falls, Financials Jump! SPX, Nasdaq, MA, MER, PRU, CELG, SVNT, BIIB, GENZ, AA- The market started out flat, but, continued to gain strength through out the day. Oil fell again, by more than $5 today. The financials reversed their morning weakness and led the market up straight to the close. XLF jumped +6.48% and closed above $20 (the support level that we’ve been looking at). [...]
Premarket Analysis for 7/8- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
“Days Go by”- Dirty Vegas
From Briefing.com
Periodicals Wrap-Up for Tuesday, July 8th
WALL STREET JOURNAL: A loss of confidence in the government sponsored mortgage firms Fannie Mae (FNM) and Freddie Mac (FRE) resulted in both companies shares plunging about 15% to 14 year lows. Because the two are the largest providers of funding for mortgages [...]
Another Failed Rally: SPX, Nasdaq, YHOO, MSFT, BIDU, AAPL, GS, STI, PRU, MA, SVNT, CELG- The market started out cheerfully, with techs leading the way. MSFT today said that it would reopen talks to buy YHOO if a new board is elected. YHOO jumped +12%!! BIDU also did well, adding almost $12. AAPL looked strong as well, gaining almost +3%.
But, the financials stayed weak, and, soon [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, USO, UNG, DBA- During the short week before the 4th of July, the market took a big loss on Wednesday, and that was enough to keep the market in the red, although the market tried to gain some grounds on Thursday. The Dow finished the week down 57.97 points; SPX lost 15.48 points; Nasdaq tumbled 70.25 points. [...]
Happy 4th of July!!- Happy 4th of July! Happy Birthday, America!!
Since its a long weekend, and a big holiday for America, I’ll just do a quick wrap-up this week (and, also, not too many published trades this week).
Here are the closed trades:
NOV ($91.97)
NOVGQ, July 85 calls, at $8.3, +22%
DVN ($126.61)
DVNGZ, July 120 calls, at $8.6, +43.3%
PRU ($62.76)
PRUTM, Aug [...]
Premarket Analysis for 7/3- Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
Moby-Rushing
From Briefing.com
Periodicals Wrap-Up for Thursday, July 3rd
WALL STREET JOURNAL: According to people familiar with the situation, the Wall Street Journal reported that Yahoo! (YHOO) is again talking to Time Warner (TWX), this time about taking over AOL, with Time Warner taking a stake in the combined entity. News Corp. (NWS) has its eye [...]
Market Dives Again, Led By Coals: SPX, Nasdaq, DVN, NOV, CHK, ANR, PCX, MEE, ACI, X, CLF, RTP- The market started the day pretty well, seeing some gap-up opens in the energy sector and oil services. We quickly cashed out our gains in DVN and NOV (both mentioned yesterday). The DVN trade was purchased about a week ago and rendered a +43% gain; the NOV trade gave us an overnight profit [...]
Premarket Analysis for 7/2 - Upgrades/Downgrades, Gappers, Actionable Calls- Submitted By Optiondragon
Imagine- John Lennon
From Briefing.com
Periodicals Wrap-Up for Wednesday, July 2nd
WALL STREET JOURNAL: According to people familiar with the discussions, the Wall Street Journal reported that Microsoft (MSFT) has held discussions with Time Warner (TWX) and News Corp (NWS), among others, about joining it in a deal that could lead to the breakup of Yahoo! [...]