It was a crazy day today. As discussed last night in my article, we were expecting a pullback from the market. BAC reported better-than-expected earnings, but, it was an "non-event". At around 10:30am ET, GS was charged by SEC with fraud. But, even before that announcement, the market was on the weak side. In the [...]
Monthly Archives: April 2010
Market Ready For A PullBack? INTC, GOOG, ISRG, AMD, BAC
April 15, 2010 – 7:51 pm
Since bouncing off from January’s pullback, this rally has run for more than 2 months straight, from early February until now. Even as commodity sectors saw profit-taking, the broader market managed to close in the green today. Techs stayed strong with INTC adding another +2.98%. Financials also saw gainers here and there. Perhaps investors were [...]
Financials Jump On JPM Earnings! SPX, Nasdaq, JPM, GS, BAC, WFC, INTC, FFIV, MRVL, SNDK, IBM
April 14, 2010 – 4:24 pm
Stocks jumped higher today led by the financials. This morning, JPM reported strong earnings, easily beat the analysts’ estimates, making 74 cents per share vs. a consensus of 64 cents per share. Financials rallied immediately at open: JPM +4.05%, GS +3.16%, BAC +3.91%, WFC +3.51%. FAS (3x Financial Bull ETF) soard +7.57%, adding $8.3. FAS [...]
Market Pushes Higher: SPX, Nasdaq, SPG, MAC, CBL, INTC, IBM, FFIV, BRCM, RIMM, GOOG, ESI, BPI, CECO, DV
April 13, 2010 – 7:20 pm
The market overcame some "morning sickness" and ended the day higher. Techs were strong ahead of INTC’s earnings. GOOG jumped more than $14, or +2.45%. RIMM added more than +$2, trading back above $72. IBM, FFIV, and BRCM were also strong. REITs broke higher yet again! In our Trading Room, I alerted our members early: [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, GOLD, AEM, NEM, ABX, PAAS, GS, MS, JPM, BAC, WFC
April 11, 2010 – 7:03 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, we should see strength in the market early in the week. Friday’s jobs report actually paints a very good scenario for the stock market. While jobs were added, the unemployment rate was left unchanged. This should help to keep a lid on the [...]
Another Solid Week
April 10, 2010 – 6:57 am
Trades A banner week as we picked off winner after winner! April 09, 2010 # 06:30 | Bagger Vance RGLD ($52.00) Sold to Close MJQ 04172010 50 C Apr 50 calls, at $1.70 +113% # April 06, 2010 # 07:43 | Bagger Vance JOYG ($60.30) Sold to Close JQY 041710 60 C Apr 60 calls, [...]
Market Cheers Better Retail Numbers! TGT, GPS, AMZN, POT, MON, MOS, AGU
April 8, 2010 – 4:22 pm
The market opened on the downside today, as jobless claims were a little higher than expected. But, stocks turned positive investors decided to cheer better retail numbers, instead. Target (TGT) added +3.02% while Gap (GPS) gained +3.06%. AMZN jumped +4.52% today. There were rumors that AMZN’s Kindle will soon be selling in Target stores. AMZN closed above $140. [...]
Market Rally Takes A Break: SPX, Nasdaq, MEE, WLT, CLF, MON, POT, AGU, GLD, GOLD, GS, AIG, LCC, UAUA, JBLU, BBBY, HOTT
April 7, 2010 – 3:26 pm
The market stalled in its rally today. Late in the afternoon, the market took a quick pullback, but, was able to stabilize a bit before the close. Energy and coal stocks were weak today. MEE dropped another 6.67% on the recent mine explosion accident. WLT and CLF pulled back, falling 1.94% and 2.18%, respectively. This [...]
Market Jumps On Healthier Economy! WYNN, LVS, FFIV, CREE, AAPL, NFLX, X
April 5, 2010 – 3:16 pm
The market was strong today as stronger reports on jobs and services industries painted a better economic picture. Casino stocks broke out to new heights: WYNN added +6.3% and LVS soared +9.67%. We caught a quick intraday trade on WYNN for a +50% gain: April 05, 2010 12:15 | HappyTrading WYNN ($82.10) Sold to Close 04C75 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, XLF, CLF, WLT, X, GS, BHP
April 4, 2010 – 7:51 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the market will need to push higher to catch the daily upper BB soon if this rally were to continue. SPX and Nasdaq spent the last 4 trading sessions hovering around their respective key levels. The daily upper BBs are closing in; so, [...]
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