Wang's Happy Trading: Market commentary, Technical Analysis; Stocks, Stock Options; A happy, spiritual, way to trade

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After Monday’s big drop, the market opened higher today.  It fluctuated for about 3 hours, then, the selling pressure continued.  Most sectors were higher in the morning, but, they pretty much all turned red before the close.  Some...
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Unknown author
First Solar appears headed for a showdown. Here we can see that the large gap up in the price of FSLR in early May did not result in a new trendline, nor did it reverse. Instead, it set up the start of a formation often called a descending triangle. In...
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Unknown author
Last weekend, in my Market Forecast, I wrote:"For the new week, many sectors are starting to look toppy.  But, the financials still have not really broken out.  XLF is still unable to break above $13.  The market might start out the...
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Jazz Pharmaceuticals, Inc. ("JAZZ") has been working on a drug for fibromyalgia, a hard to treat disease, using a drug commonly prescribed for a different purpose. They recently completed a 3rd phase study. Clinical trials proceed in three...
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Unknown author
Last Friday, we cashed out on our gains after the strong open.  I said in the Trading Room:June 5, 2009 7:20 AMI’m calling a long weekend. will sleep in on Monday! This morning, the market opened down.  But, it climbed back up in...
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