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Commodities Bounce; Financials Still Weak: SPX, Nasdaq, MEE, CNX, BTU, RIG, SLB, NOV, AEM, HPQ

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20 Aug 2:01am
Posted by wangshappytrading
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from My Happy Trading.com Financials and techs were weak for the 2nd straight day.  On the other hand, commodity-related sectors bounced.  Metals and mining groups were strong.  Coals showed a lot of strength: MEE +7.58%; CNX +6.53%; BTU +7.64%.  Oil services also recorded solid gains:  RIG +2.46%; SLB +3.93%; NOV +4.37%.  Crude oil closed above $115/barrel.  Gold also went higher, above $815/ounce.  AEM, a gold miner, jumped almost +5% today. After the ...
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Commodities Bounce; Financials Still Weak: SPX, Nasdaq, MEE, CNX, BTU, RIG, SLB, NOV, AEM, HPQ

Tags: Nasdaq, SPX, HPQ, NOV, RIG, SLB, AEM, BTU, CNX, MEE
20 Aug 1:59am
Posted by wangshappytrading
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from My Happy Trading.com Financials and techs were weak for the 2nd straight day.  On the other hand, commodity-related sectors bounced.  Metals and mining groups were strong.  Coals showed a lot of strength: MEE +7.58%; CNX +6.53%; BTU +7.64%.  Oil services also recorded solid gains:  RIG +2.46%; SLB +3.93%; NOV +4.37%.  Crude oil closed above $115/barrel.  Gold also went higher, above $815/ounce.  AEM, a gold miner, jumped almost +5% today. After the ...
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The 52 Week Highs/Lows Revisited With A Graphic Depiction (SPY, QQQQ, DIA)

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19 Aug 6:30pm
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Written By Optiondragon and Bluetick Many investors know about the internals of the market. It is data metric that many traders watch and read about but for some particular reason, it is not very often you see a chart where they are overlayed on its respective index. I think this is a real shame because they are able to convey a lot of information in a very intuitive manner. On the chart below I overlayed the NYSE New 52 Weeks Lows in green and the New 52 Week Highs in blue. Looking at t...
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Premarket Analysis for 8/19 - Upgrades/Downgrades, Gappers, Actionable Calls

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19 Aug 1:20pm
Posted by wangshappytrading
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Posted By Optiondragon for myhappytrading, a website made by traders for traders. From Briefing.com Periodicals Wrap-Up for Tuesday, August 19 FINANCIAL TIMES: Lehman Brothers (LEH) is holding talks about selling all or part of Neuberger Berman, its asset management unit, sources said. The division is believed to be worth up to $10B. WALL STREET JOURNAL: General Dynamics (GD) has agreed to buy Jet Aviation for about $2.25B in cash. NEW YORK POST: Bill Ackman is not pleased with CVS Caremark&#...
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Market Falls On Financials: SPX, Nasdaq, FNM, FRE, WM, MER, UB, FMCN

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19 Aug 5:31am
Posted by wangshappytrading
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from My Happy Trading.com The market was under pressure right from the beginning as a Barron’s article this weekend renewed concerns over FNM and FRE.  Both FNM and FRE tumbled more than 20% today!  Here are some other losers in the sector:  LEH fell more than 7%; MER lost 5.9%; WM dropped 7.47%.  The pressure from the financials was heavy on the market.  Gold managed a small bounce, but, is once again going lower this evening.  Agriculture sector saw some s...
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