Things are progressing along my forecast from this weekend, in which I wrote: "…this market is getting weaker and should test SPX 1340. If the drop goes sharply, we may see 1330 tested." Yesterday, market came down to test SPX 1340. This morning, SPX bounced up to 1345, but, in the afternoon, the selling pressure [...]
Category Archives: Uncategorized
Morning Bounce Turns Into Afternoon Selloff: SPX, Nasdaq, RIO, FCX, X, APA, OXY, DVN, AAPL, RIG, GS, MA, JCP, SINA
May 15, 2012 – 3:35 pm
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, FDN, XLE, XME, WLT, X, RIO, APA, OXY, DVN, GOOG, CRM, PCLN, NFLX, LINKD, C, GS
May 13, 2012 – 8:25 pm
Happy Mother’s Day! Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a weak position. This pullback could get easily worse. First support is at SPX 1360. But, that will unlikely be the stop. Most sectors have turned bearish. Below 1360, SPX 1340 is the next support. Nasdaq [...]
Happy Mother’s Day! Weekly Wrap-Up May 12: VRTX, CMI, LNKD, GOOG
May 13, 2012 – 8:26 am
Happy Mother’s Day! It was another choppy week on the market. Stocks struggled to find a direction and eventually ended down on JPM’s announcement of a $2 billion loss on Thursday. However, we had a strong week with big profits on VRTX, as high as +1185%. We also caught some nice intraday trades, including a [...]
Market Ekes Out A Win, But Still Vulnerable: SPX, Nasdaq, CSCO, CRM, FFIV, VMW, RHT, CHKP, GOOG, AAPL, AMZN
May 10, 2012 – 8:50 pm
Last night, CSCO gave a guidance that disappointed the investors. CSCO’s stock suffered a 10% drop today. Networking and information technology stocks were all weak today, especially software. CRM tumbled more than $13, or 9%. Early in the morning, we were playing puts on CRM in the Trading Room: May 10, 2012 6:51 AM software [...]
Big Profits In A Volatile Market: SPX, Nasdaq, CMI, VRTX, LNKD, CMG, GOOG, FOSL, RL, LULU, GLD, SLV
May 8, 2012 – 4:29 pm
The market opened lower on Monday, but, quickly rebounded. Today, the selling resumed; well, at least in the morning. SPX went briefly below 1350 and Nasdaq tested 2900. Things were moving fast and the options were moving even faster! We jumped into LNKD and CMG puts in the morning and had two doubles in less [...]
Market Sells Off After Jobs Report: NFLX, CMI, GS, WYNN, LNKD, CF, AAPL
May 4, 2012 – 12:35 pm
The market did not like the latest jobs report at all! But, it already telegraphed the reaction yesterday, as we saw the market slip. Yesterday, in the Trading Room, I said: May 3, 2012 11:36 AM market I don’t like how things are moving… We added to our downside positions and took some nice profits [...]
Market Awaits For Jobs Report: SPX, Nasdaq, VECO, FIRE, SFLY, CMI, APA, HES, OXY, APC, OPEN, TRIP
May 1, 2012 – 3:45 pm
After a slow start on Monday, the market popped higher today on favorable manufactoring data. The Dow hit a new 4-year high! However, the rally faded in the afternoon and stocks gave back about half the gains made in the morning. Nasdaq was up about 40 points in the morning and ended barely green! Last [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, FDN, BTK, GLD, GS, GOOG, PCLN, EXPE, ARBA, AMZN, SOHU, REGN, MDVN, VRTX, BIIB, GILD, AMGN
April 29, 2012 – 9:42 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, we may get a slow start. AAPL’s earnings on Tuesday after market could be one of the deciding events this week. If the market were to turn higher, we’ll need to see the financials and/or the semiconductors rally. Financials along could do the [...]
April 2012 Monthly Wrap-Up: AMGN, SWKS, SLB, FFIV, AAPL, GLD, PCLN
April 28, 2012 – 12:47 pm
April started out well, but, had to go through some volatility. But, the market held up and is ending the month on a stronger note. We also had our ups-and-downs this month. Most of the trades during the past two weeks were volatile and did not produce much positive results, although they did add quite [...]
Amazon (AMZN) Rivals AAPL Earnings With Its Own Blowout! SPX, Nasdaq, REGN, CRUS, EQIX, AMZN, EXPE, PCLN, SWKS, WDC, FIO, DECK
April 26, 2012 – 4:44 pm
Strong earnings continued to keep the market afloat. The market has been on a 2-day run after AAPL’s blowout earnings on Tuesday after the market. Last night, CRUS reported a strong quarter, sending its shares up +18.62% today. EQIX shares were also on fire, up +13.25%, after another outstanding quarter. REGN jumped +9%, reporting first-ever [...]
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