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Monthly Archives: May 2012

Up One Day, Down The Next: SPX, Nasdaq, FB, AAPL, PCLN, ISRG, GLD, CMG, RIMM, FFIV

Up one day, down the next.  It has been the story for this market since last week.  After coming back from the Memorial Day long weekend, stocks popped higher on Tuesday, but, gave the gains all back today.  Industrials led the decline, as energy and mining stocks dropped further.  Techs were weak as well, but, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XLE, GLD, GDX, DO, SLB, RIG, NOV, MA, V, CME, ICE, GOLD, AEM, NEM

Happy Memorial Day! Last weekend, in my Market Forecats, I said, "For the new week, this market could see a "relief rally" early in the week.  But, a relief rally often doesn’t last.  Therefore, depending on how high the market bounces, we may see another down draft later in the week, unless there are positive [...]

Weekly Wrap-Up May 27, 2012: P, CF, CRM, AAPL, SHLD

Happy Memorial Day! It was another volatile week.  The market ended slightly up for the week, end the 3-week losing streak.  We traded mostly on the upside with fairly good results on the calls.  Here are the closed trades for the week: 06:45 | Ecstatic Plays P ($11.94) Sold to Close 06C10 Jun 10 calls, [...]

Volatile Market Ends Unchanged: SPX, Nasdaq, AAPL, CF, P, JOY, CAT, CLF, WLT, NTAP, FFIV, CRM, VMW, MNST, FDO, DLTR

The market dropped below SPX 1300 on Wednesday, but quickly bounced back to 1320 all in the same day.  Today, the market didn’t do much "better".  It slipped down to almost 1310, then bounced right back to 1320 for the close.  Things have been really volatile in the past couple of days.  One could have [...]

Worries Over Europe Keep Stocks in Check: SPX, Nasdaq, AAPL, CRM, SHLD, EXPR, CREE, DSW, DELL, PETM

As discussed in my Market Forecast this weekend, the market bounced on Monday and Tuesday (well, most of Tuesday).  In my Market Forecast, I said, "… this market could see a "relief rally" early in the week."  I also pointed out to watch SPX 1320 as a resistence.  This morning, SPX rallied to almost 1330!  [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XME, GLD, XLE, XLF, X, FCX, WLT, CLF, RIO, OXY, RIG, DO, APA, V, MA, AXP

Last weekend, in my Market Forecast, I wrote: "For the new week, this market is getting weaker and should test SPX 1340.  If the drop goes sharply, we may see 1330 tested.  SPX 1320 is a strong support.  Financials have turned bearish, which is not good for the market.  Mining and energy remain weak." Well, [...]

What Happened to the Facebook (FB) IPO + Weekly Wrap-up: FB, GS, AAPL, GOOG, RIG

The much-anticipated Facebook IPO took place on Friday.  It closed (artificially) 23 cents above its IPO price of $38!  I said "artificially" because it was defended by the underwriters in the afternoon.  Was it successful?  Sure, some might say it was.  It did basically double from the original price of low $20s, as it traded [...]

AAPL Down $115 From Recent All-Time High! SPX, Nasdaq, AAPL, GOOG, NFLX, LNKD, ISRG, PNRA, LULU, CRM, ADSK

Just about every sector was down today.  Gold and silver bounced.  In my Tuesday evening’s article, I said, "I think stocks could continue to fall for a couple of more days," and, the market did that.  I did think that SPX will find support at 1320, but, the market pierced through that.  SPX ended basically [...]

Morning Bounce Turns Into Afternoon Selloff: SPX, Nasdaq, RIO, FCX, X, APA, OXY, DVN, AAPL, RIG, GS, MA, JCP, SINA

Things are progressing along my forecast from this weekend, in which I wrote: "…this market is getting weaker and should test SPX 1340.  If the drop goes sharply, we may see 1330 tested." Yesterday, market came down to test SPX 1340.  This morning, SPX bounced up to 1345, but, in the afternoon, the selling pressure [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, FDN, XLE, XME, WLT, X, RIO, APA, OXY, DVN, GOOG, CRM, PCLN, NFLX, LINKD, C, GS

Happy Mother’s Day! Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a weak position.  This pullback could get easily worse.  First support is at SPX 1360.  But, that will unlikely be the stop.  Most sectors have turned bearish.  Below 1360, SPX 1340 is the next support.  Nasdaq [...]