Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Monthly Archives: July 2010
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
7/16/10 Weekly Wrap: BP, GOOG, ISRG
July 18, 2010 – 2:54 pm
It was another range-bound and, yet, volatile week. We didn’t publish a whole lot of trades, but, traded actively in the Trading Room. Two, in particular, gave us really nice returns. One is GOOG from early in the week, with gains as high as +189%. The other is ISRG with a +233% profit. (see ISRG [...]
Case Study On ISRG: +233% Gain Overnight!
July 14, 2010 – 3:32 pm
The market saw some profit-taking today, as expected (see yesterday’s article). Since the broader market ended little changed, I thought I’d do a case study on a very good trade. Most traders know that ISRG can make big movements. For options traders, big movers are of special interest during the last couple of weeks before expiration. [...]
Strong Earnings Push The Market Higher! SPX, Nasdaq, CSX, AA, JOYG, GOOG, RIMM, AAPL, AMZN, IBM, PCLN, FFIV, CREE, VMW, CRM
July 13, 2010 – 3:46 pm
Yesterday, after the market, both AA and CSX reported solid earnings. However, CSX ended the day down 1.41% and AA was only up +1.2%. Mining stocks, in general, were only up slightly. JOYG stood out in the crowd, gaining +4.82%. Financials and techs lead the broader market higher. GOOG and RIMM have been popular in [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM
July 11, 2010 – 8:47 pm
Last weekend, in my Market Forecast, I said: "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels should be the first resistances. We could see some volatile trading to start the week. If the market cannot break SPX 1040, [...]
Market Pushes Higher: SPX, Nasdaq, POT, CF, MOS, RIG, DO, APC, HAL, BP, GOOG, AMZN, PCLN
July 8, 2010 – 2:19 pm
Yesterday, I mentioned that "we should see resistance between SPX 1070 and 1080." This morning, the market tested SPX 1070 and started to pullback a bit. But, in the last hour, the market pushed higher again, closing above SPX 1070. Agriculture stocks were strong: POT +4.02%, CF +5.12%, MOS +4.63%. Oil services continued to run [...]
Market Surges After 2 Weeks Of Selloff: SPX, Nasdaq, GOOG, AAPL, NFLX, CREE, VMW, CRM, VECO, GS, PNC, WFC
July 7, 2010 – 3:05 pm
In my Market Forecast this week, I said, "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels [SPX 1040; Nasdaq 2150] should be the first resistances. We could see some volatile trading to start the week." Yesterday, the market gapped higher and [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, OIH, XLF, FSLR, TSL, YGE, GS, MA, V, DO, RIG, SLB, RIG, APC
July 5, 2010 – 9:42 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, this week is still range-bound with a bearish bias. The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again. However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s [...]
Happy 4th of July! JOYG, OIH, GLD, BHP, GOOG, EOG, V, AMZN, CMG
July 4, 2010 – 7:59 am
Happy 4th of July! A quick note: My Monthly Wrap reports normally only include the closed trades for the month, because it makes things easier to read. As always, the Trade Records page (you might want to make a bookmark for this page) contains detailed records of both the opening and closing trades. Here’s the version of only [...]
June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP
July 3, 2010 – 2:36 pm
This year is going by so fast! Already, we are into the 3rd quarter! June was a very volatile month. We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month! We traded accordingly and played both sides. We still came away with some pretty [...]
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