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Monthly Archives: January 2010

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, USO, XLF, XME

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in danger of breaking down into a "correction".  Besides more earnings reports, FOMC meeting is on Wednesday and the Senate will determine whether Bernanke gets to keep his seat as Fed’s Chairman.  The week will likely be volatile, especially the [...]

January 2010 Monthly Wrap: ESI, GOOG, GS, FSLR, FAS, WLT

The market had a horrible week to close out January.  We had downside plays in place, but, got shaken out, as the market was very volatile.  We gave back some gains this week, but, it was still a pretty solid month.  Here are the January closed trades (gains over +50% are highlighted): 12:25 | HappyTrading [...]

Market Bounces After Fed Keeps Rates Unchanged: SPX, Nasdaq, AAPL, GS, PRU, WFC, PNC, BAC, NFLX, QCOM, AMZN, MSFT

The market was volatile today, as expected.  In the morning, while Geithner and Paulson were getting questioned by the Congress, the market remained weak.  After AAPL’s media event got started, things became a little better.  AAPL did indeed reveal its new tablet, the "iPad".  The initial reaction was not so good, as AAPL sold off [...]

Market Unstable Ahead Of Busy Wednesday: SPX, Nasdaq, AIG, X, GS, FSLR, SPWRA, AMSC, TSL, AAPL, YHOO, GILD, SANM, SHW

In the past 2 days, the market has been really unstable, trading in a tight range, but, basically unchanged since last Friday’s close.  Tomorrow, lots of things are happening.  Treasure Secretary Timonthy Geithner will be questioned by the Congress on AIG’s bail out.  AIG stock has been falling continuously for the past 4 days, including [...]

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, SOXX, XLF

Last weekend, in my Market Forecast, I said, "For the new week, the market will start on some shaky grounds.  Once again, it’s mostly about the earnings!  On Tuesday, before the market opens, C reports, and after the market, we’ll hear from IBM.  These could set the tone for the broader market until Thursday, when [...]

Weekly Wrap 1/22/2010

What a crazy week!  With China trying to prevent a bubble in its economy and President Obama’s potential bank regulations, investors were in a foul mood!  This morning, our members were look for trades on the long side and discussing whether we’d get a bounce today.  I said, in our Trading Room, January 22, 2010 [...]

Financials Lead The Market On Pullback! SPX, Nasdaq, GS, CME, ICE, X, FCX, RTP, GOOG, FFIV, AXP, COF

The market opened slightly higher this morning.  But, within the first 30 minutes from the open, the market slid into the red.  Before the end of the first hour, the market started to drop sharply!  In the Trading Room, I warned our members promptly: January 21, 2010 7:26 AM VIX green, be careful… January 21, 2010 [...]

Market At Highest Close In 15 Months! SPX, Nasdaq, IBM, CREE, RMBS, AAPL, APA, WLT, HES, BAC, WFC, BK, STT

After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts.  Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum.  Other sectors followed higher.  Energy stocks turned green.  Miners were also strong.  Tonight, Brown secured a victory.  Health care stocks may get a pop [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, GS, GOOG, AXP, C, IBM, CSX, UNP

Happy MLK Day!  Hope you’ve had a nice long weekend! Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks strong, but, will have to be supported by good earnings.  Breaking and staying above SPX 1150 could be a psychological blow to the shorts.  Steel stocks may have run a bit [...]

Profitting On Both Sides, Again! BIDU, TSL, FSLR, INTC, POT, CF, AGU, TRA

Even though the market indices ended higher today, the individual sectors produced mixed results.  We saw pockets of strength here and there, but, also some weak areas.  Miners were mostly weak, perhaps still lingering on AA’s earnings report.  Solar stocks were up in the morning, but, did a big reversal in the afternoon when news [...]