It’s been an exciting month to begin 2012, Year of the Dragon! This has been the best January for the US stock market for more than 10 years! We rode along with the market and also had an excellent month. With as many trades as I publish, most of the trades in January were profittable:
Now, if you think that the above is impressive, take a look at our trades in Ecstatic Plays for January 2012, which were filled with triple-digit gainers:
With all of the published trades in January between both HappyTrading and Ecstatic Plays, there are only 5 trades that were in the negative, and the biggest loss was 50%. It was certainly a very "happy" month.
If you’re still sitting on the sideline, you can probably consider tipping your toes back in.
Well, the market has basically be trading flat, consolidating in a tight range. Besides earnings pops and drops, the broader market has been once again captivated by the development in fight against the financial crisis in Europe.
Here are some stocks in the news for today:
PPO dropped a whopping 30% on a downgrade! NFLX fell more than 4% as BSkyB announced its movie-stream plan in the U.K. After the market, AMZN tumbled 9% after a disppointing quarterly report. BRCM delivered a solid quarter with a solid forecast; its shares rose about +2% in after-market trading.
Good night and HappyTrading! ™