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Monthly Archives: June 2009

Market Treads Water As 2Q Comes To An End: SPX, Nasdaq, ESI, APOL, EDU, GOLD, AEM, ABX

The market showed some promise on Monday with SPX rising almost to 930 and Nasdaq nearing 1850.  But, today’s unexpected drop in consumer confidence prompted investors to put on the brakes again.  Commodity sectors were all weak.  Financials retreated as well.  After better-than-expected earnings last night, APOL led the education stocks with a +7.77% rise.  [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, PBW, BTK

Last weekend, in the Market Forecast, I wrote: "For the new week, we have the Fed meeting on Wednesday.  The market still seems undecided and is showing mixed signals.  VIX, closing below 28, could start a new leg down.  On the other hand, energy sectors are showing weakness.  Financials are in neutral gear and could go [...]

June Wrap-Up

Although there are still a couple of more trading days left in June.  But, since this is the last June weekend, I thought it’d make more sense to do a wrap-up now.  The market has been stuck in a tight range, so, the we only did some light trading these past 2 weeks.  Overall, the [...]

Broad-Based Rally Pushes Market Higher: SPX, Nasdaq, CELG, OSIP, AMGN, AMAG, LLY, POT, MOS, CF, PALM

The market was strong right from the start, and continued the upward momentum until the close.  Strength was present across the board.  The biotech sector broke out of its recent range today (mentioned in the Sector Watch this weekend):  CELG +2%, OSIP +5.32%, AMGN +1.78%, AMAG +3.58%, LLY +5.12%. After the market, PALM reported better-than-expected earnings [...]

Encouraging Words From Fed Keep The Market Afloat: SPX, Nasdaq, BIDU, NTES, SOHU, SNDA, SINA

Stocks hopped out of the gate this morning, cheering better-than-expected report on durable goods.  But, just before the Fed announced its decision on rates, the market became unstable.  The Fed kept rates unchanged, between 0 and 0.25, and said that inflation is contained.  As usually, the market was very volatile immediately after the Fed’s statements were [...]

Bounce In Commodities Keeps The Market Flat!

After another big drop on Monday, the market wobbled around the flatline today.  Commodity sectors saw good bounces as the dollar sank again.  Fertilizers and miners kept the market up:  POT +5.51%, MOS +3.74%, GOLD +4.53%, MEE +5.56%, CNX +4.6%, FCX +4.43%, JOYG +6.83%.  Financials stocks also enjoyed mild strength.  Techs were a little weaker with [...]

Market Dives To Open The Week! SPX, Nasdaq, APA, DVN, HES, RTP, X, FCX, ATI, BIDU, GOOG, RIMM

Right at the open, the market was hit with disappointing news from the World Bank that the global economy may be weaker than it had previously predicted.  Within the first 1/2 hour, the Dow stumbled more than 100 points!  Commodity sectors continued to slump.  Energy and miner stocks were very weak:  APA -5.76%, DVN -5.58%, HES [...]

Market Forcast + Sector Watch: SPX, Nasdaq, XLF, XLE, BTK, XME

Last weekend, in my Market Forecast, I wrote: "If the indices close below the 10-day MAs, it could draw more profit-taking.  As mentioned before, VIX is trying hard to keep the support at 28.  But, it is still below 30; so, there is still not a lot of selling pressure, at least not yet!  There [...]

Forecasting Earnings Reports: RIMM

The big news after the market today was RIMM’s earnings report.  It has been much anticipated and discussed throughout the week.  RIMM has dropped for 5 days continuously, from above $85 to now $76.  This afternoon, RIMM reported a decent quarter, earning $564.4 million, or 98 cents per share, above the average estimate of 94 cents.  The [...]

This Is Where Bulls And Bears Fight It Out!

After the big drop on Monday, the market has been very volatile.  The overall sentiment has been negative.  Today, the market started out strong and was able to keep most of the gains.  Financials and health care stocks were among the stronger sectors.  For the health care sector, MRK added +3.55%; WLP jumped +5.38%; and, [...]