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Monthly Archives: May 2011

Market Forecast + Sector Watch: SPX, Nasdaq, SLV, XLE, XLF, MOO, POT, MOS, AGU, MON, CF, GS, BLK, PNC, MA, V, AXP, OXY, APC, SWN, NOV

This market has not gone anywhere for a couple of months (April, May).  Everything it gained in late April was given back in May.  Financials and commodity sectors have fallen lower, which we’ll look at further in Sector Watch below. Last weekend, in my Market Forecast, I said: "For the new week, we’ll once again [...]

Big Winners On CF and CRM!

They said to ‘sell in May and stay away’.  Well, that might have been good advice for some but not for us.  We had a pretty decent month even with some trades expiring on us after a rough start to the month.  Here is a synopsis of trade results for May closes – 12 wins, [...]

May 2011 Monthly Wrap-Up: IBM, PCP, MOS, WYNN

Happy Memorial Day!  May was not an easy trading month as commodity sectors took a quick and sharp fall, but, the broader market bounced violently around in a tight trading range.  We traded much less than April as the market was very volatile.  Here are the closed trades for the month: 10:54 | HappyTrading APA [...]

Blow a Whistle, It’s Almost Halftime!

As the first half of 2011 is quickly coming to a close there is a sense of uncertainty many traders and investors are trying to decipher.   How healthy is the economy?  Will troubles from Europe and Asia spill over into our arena?  What about inflation and higher commodity prices, especially oil?  Political concerns here and [...]

Market Continued To Bounce Despite Weak Jobs Numbers: SPX, Nasdaq, BTU, WLT, CLF, NFLX, PCLN, CMG, MA, GES, NTAP, TIF, MRVL, OVTI, BCSI, FFIV

The market opened on the downside today after weak jobs numbers.  However, buyers continued to come in, driving stocks higher.  Coal stocks were strong again:  WLT +3.25%, BTU +4.05%, CLF +1.26%.  Meanwhile, high-flyers just keep flying higher!  PCLN popped +6.3.  CMG and NFLX recorded new all-time highs; NFLX added +1.65% and traded as high as [...]

Markets Test then Catch a Break: CRM, CF

The very odd behavior of the market continues.  When you went to bed last evening you probably thought the markets would be in big trouble on Wednesday – heck, the futures were down 1% or so on basically no news, but at the open that loss had virtually disappeared.  The low of 1302 last night [...]

Commodity Stocks Bounce! SPX, DO, RIG, SLB, NOV, OXY, APA, GOLD, RGLD, NEM, ABX, ANR, MCP, AMAT

Commodity stocks bounced today after Goldman Sachs gave a $135 target to oil by the end of the year.  Oil closed under $100/barrel today.  Oil services stocks were strong today:  DO +1.68%, RIG +1.56%, SLB +1.46%, NOV +2.55%.  Metals also bounced.  Gold, silver, and copper all went higher.  Gold miners were especially strong:  GOLD +2.75%, [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, SOXX, GS, WFC, JPM, BAC, NFLX, PNRA, PCLN, CMG

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a very vulnerable position.  Commodity sectors remain week and could drag the tech stocks down as well.  On Wednesday, we’ll get the minutes from the latest FOMC meeting.  After the market on Thursday, CRM will report, which could affect [...]

Market Ekes Out A Win Among Weak Commodities: SPX, Nasdaq, POT, MOS, MON, CF, WLT, CLF, BTU, CRM, VMW, LNKD, SINA, BIDU

On Tuesday, we talked about a potential bounce in the market.  On Wednesday, the market bounced strongly.  However, today, the commodity sectors were weak again.  Fertilizers enjoyed a nice day on Wednesday, but, could not all continue today.  MON and CF managed to close on the green side, but, POT and MOS sank back down [...]

Markets Due For A Bounce? SPX, Nasdaq, PCP, BA, ATI, LONG, SINA, BIDU, SOHU, YOKU, WLT, ANR, CAT, JOYG, DE, DELL, GOOG, AAPL, AMZN

As discussed in my Market Forecast this weekend, we were expected the downward momentum to carry through to this week.  Yesterday, the market broke down after testing and failing SPX 1340 in the morning.  Techs led the declined, which was also discussed in the Sector Watch.  Stocks continued their decline today and SPX went briefly [...]