MyHappyTrading's  Instablog

Send Message
MyHappyTradingTM is a social network site with a focus on the global financial markets. It is an online community where you can share your thoughts and your investment/trade ideas with the community and the network that you build. Our Basic Membership is FREE. MyHappyTradingTM provides you the... More
My company:
My Happy
My blog:
My Happy Trading
  • Buyers Keep Markets From Falling: TSLA, FB, AAPL, PCLN, CF, BIIB, UTHR, INCY, BMRN, ACT 0 comments
    Feb 20, 2014 11:10 PM | about stocks: TSLA, FB, AAPL, PCLN, CF, BIIB, UTHR, INCY, BMRN, AGN

    After a quick day of pullback, the markets bounced higher again today. It appeared as if some profit-taking was about to happen. But, buyers drove stocks back up again! TSLA popped +8.43% after reporting a strong quarter and giving a bullish forecast. FB traded lower initially after anouncing a $19 billion deal to buy Whatsapp, an online messaging platform. But, by the market close, FB shares were up more than +2%!

    AAPL was soft, down more than $6. PCLN was down in the morning, but, ended $9.24 higher on the eve of its earnings. After the market, PCLN shares jumped $18.59, as it easily beat its earnings estimates.

    CF had a huge day yesterday after delivering a better-than-expected quarter. Its shares trade up more than $20 in the morning on Wednesday, but, was capped by the overall market condition. CF shares traded back up today. Biotech stocks are still pushing higher. ACT has been on a 3-day tear, adding more than $9 today. BIIB, UTHR, INCY, and BMRN all added to their gains!

    The Dow was up +92.67 points; SPX add +11.03 points; Nasdaq gained +29.59 points:

    GDX (gold miners) popped +4.06%. GLD (gold) and SLV (silver) went up as well. BTK (biotech) added +2.13%. FDN (internet) climbed +1.24%. SOXX (semiconductor) stayed higher.


    SPX gained +11.03 points to close at 1839.78. Its 10-day MA moved higher.


    Nasdaq added +29.59 points to close at 4267.55. Its daily MAs and MACD went up.

    This market has been pretty amazing. Although the recent pullback was sharp, after two weeks in January, things popped right back up again! The market has resistance between SPX 1840 and 1850. On the downside, it has support between 1820 and 1810. Gold seems to have found a bottom. Energy stocks are starting to turn bullish. I'm not in a hurry to trade right now. Let's keep cash and see if the market consolidates here.

    Good night and HappyTrading! ™

    Sign up for FREE membership!

Back To MyHappyTrading's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.