As further economic data showed slowing in the global economy, the US stock market took a sharp fall today. Miners led the market lower: WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%. Market leaders such as GS and AAPL also took big falls. GS dropped 3.02%, closing below $150. AAPL lost 3.55%, [...]
Monthly Archives: August 2010
Market Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X
August 11, 2010 – 7:39 pm
No Surprises From The Fed: SPX, Nasdaq, NFLX, AKAM, SPWRA, LDK, CREE, DIS, MA, V
August 10, 2010 – 3:23 pm
The market gapped down at the open today, following Asian markets big drop last night. In the afternoon, the Fed came out with its decision of not changing the interest rate and to take small steps in further stimulating the economy. The market recovered some of its losses, but, still closed lower. NFLX jumped almost [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG
August 8, 2010 – 8:11 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data. For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase. To break higher, SPX will have to break above 1120. For Nasdaq, the resistance is at 2300." [...]
Weekly Wrap 8/6/10: GOOG, GS, CLF, LVS, FSLR, POT, BP
August 7, 2010 – 3:56 pm
The market managed another winning week, through some mixed economic data. Friday’s unemployment report was disappointing, and yet, somehow, the market made it through with a minor slip. We traded this week beautifully and ended with 100% of our trades in the GR$$N. We locked in profits on Monday and Wednesday; stayed light on Thursday, [...]
Hammer Time! Markets Deflect Poor Jobs Report
August 7, 2010 – 3:53 pm
What a relief! After that awful jobs report it certainly seemed as if the rally started Monday was going to fizzle out, and maybe break some support levels. Well, the dip buyers had other things in mind. Volume was big early in the session, of course many bailing out on stocks as the BLS released [...]
Five Faded Flyers For the Falling Dollar
August 5, 2010 – 4:53 pm
In my recent article I wrote how the falling dollar is acting as a fuel to the rising prices in the materials sector. But which materials stocks are good choices to invest in? Here are 5 stocks, at least one of which might be worth considering as a falling dollar play. In narrowing down the [...]
A Day Of Huge Gains! SPX, Nasdaq, PCLN, POT, AGU, MOS, CF, GOOG, GS, CLF, FSLR, LVS
August 4, 2010 – 4:23 pm
The market pushed higher today as investors cheered better economic data, such as improvement in private employment. The broader market itself only advanced slightly, as SPX added just +6.78 points. But, certain stocks really went higher, including most of our positions. PCLN was the headline grabber. After last night’s blowout earnings and bullish guidance, PCLN jumped [...]
Anatomy of Amazon.com Trades
August 4, 2010 – 4:19 pm
This past week or so we’ve had some good success with Amazon.com. I want to clue you in to what I was seeing at the time to help you learn from the winning trades. Amazon is never an easy trade to get going. Volatility is usually quite high, short interest is always excessive and squeezes [...]
Market Closes Above Key Resistance! SPX, Nasdaq, BP, APC, RIG, DO, CLF, WLT, FCX, BHP, POT, CF, AGU, MOS, HLF
August 2, 2010 – 4:54 pm
Last Thursday, in our Trading Room among the many discussions, I pointed out that, "This market is on the verge of a run up…" Last night, in my Market Forecast, I commented on the strength in the market indices, "For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase." The [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, XME, INX2, MOO, POT, CF, AGU, MOS, MELI, AOL, CLF, WLT, BHP, FCX
August 1, 2010 – 7:40 pm
Last weekend, in my Market Forecast, I said, "VIX has sank back below 24, which could signal the intention to rally. We’ll have to see if the market can continue to push higher and stay above SPX 1100. If SPX 1100 is cleared, SPX should retest the 1120 level. Miners went up quite a bit [...]
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