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Monthly Archives: October 2011

Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, XLF, GLD, MOO, CF, POT, MOS, GOLD, MA, PNC, GS, JPM, BAC, C, CLF, ANR, WLT, OXY, APA, EOG

Last weekend, in my Market Forecast, I wrote, "For the new week…  While a big bulk of earnings is coming in this week, the market will likely have its attention on Europe.  Nearest resistance for SPX is 1250.  On the other hand, if Nasdaq breaks above 2650, it could break out.  Financials could once again [...]

October 2011 Monthly Wrap-Up: GS, AAPL, JOYG, SNDK, GLD, GMCR, FFIV

It was a very volatile month. We traded on both sides and caught sensational profits on both sides.  Although the market did see some quick pullbacks, after the sharp drop in first 2 trading days of the month, the market direction has been mostly "up".  We scored triple-digit gainers on both GS puts and calls, [...]

Big Wins On A Big Day! SPX, Nasdaq, GS, JOYG, APA, OXY, EOG, CLF, JPM, C, FFIV, BIDU, AMD, DECK, CSTR

Yesterday, in our Trading Room, I commented: October 26, 2011 10:35 AM market trying to rally… October 26, 2011 10:41 AM market if SPX goes above 1240, it should run this time… SPX closed at 1242, yesterday, above the 1240 mark.  This morning, as soon as the market opened, SPX was above 1250, the resistance [...]

Up One Day, Down The Next! SPX, Nasdaq, NFLX, AMZN, BRCM, FFIV, PNRA, FSLR, GLD, GOLD, SLV, SLW, PAAS, ABX, AEM

The market rallied on Monday, with SPX testing 1255 and closing above 1250.  Today, the opposite happened.  The market opened lower and continued to sink lower until the close.  Last night, NFLX fell sharply after reporting losing more subscribers than previously forecasted.  Today, NFLX fell even more and traded as low as $74.25.  As I [...]

Lights Out For Netflix (NFLX)!

After the market today, Netflix (NFLX) reported losing 800,000 subscribers since June, more than its forecast of losing 600,000.  Further, its outlook for the 4th quarter was lower than expected.  NFLX shares tumbled almost 28%. or more than $33.  Right after the earnings report came out today, I said in our Trading Room: October 24, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, MOO, USO, GS, WFC, JPM, PNC, CAT, JOYG, BTU, CLF, POT, MON, CF, MOS, BP, NOV, COP, CVX, OXY

Last weekend, in my Market Forecast, we discussed, "For the new week, lots of earnings are coming in.  We’ll have to see how WFC and HAL earnings are on Monday morning, but, the market may need to take a quick pause to start the week…  SPX 1250 may see some resistance, while Nasdaq has resistance [...]

Weekly Wrap-Up 10/22/11: GMCR, SNDK, GLD

It’s been another volatile week, with the market changing directions almost everyday.  We traded on both sides this week as the market whipped up-and-down.  We caught parts of GMCR’s dramatic fall, and, anticipated gold’s quick pullback with GLD puts.  SNDK’s earnings brought us another winning trade.  Here are the closed trades for the week: 07:09 [...]

Market Oscillates In A Tight Range: SPX, Nasdaq, GLD, GMCR, CLF, GR, CMG, BWLD

It has been another wild week.  So far, the market has changed direction every single day:  down on Monday, up on Tuesday, down on Wednesday, then up on Thursday!  We did trade quite a bit.  With the market being so volatile, the trades were also fast.  We traded GMCR a couple of times and got [...]

Financials Save the Day? SPX, Nasdaq, IBM, VMW, GS, BAC, WFC, C, AAPL, JNPR, ISRG, INTC

In my Market Forecast this weekend, I said to watch for the market to pull back to test SPX 1200.  The market did that late yesterday and early this morning.  Then, buyers came in.  Financials were really strong today:  GS +5.52%, C +6.98%, BAC +10.12%, WFC +5.9%.  Last night, IBM delivered a solid report, but, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XLF, GLD, MOO, MON, CF, POT, MOS, AGU, SLV, GDX, C, WFC, BAC, PNC, BLK, STI, STT, KMP, EP, AAPL, IBM, INTC, EBAY

Last weekend, in my Market Forecast, I wrote: "For the new week, the market might need a day or two more to consolidate. We saw some profit-taking and consolidation last Friday…AA, JPM, GOOG could be market movers. AA’s report could be very important. The mining sector has just been pounded recently. Without the mining sector, [...]