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Monthly Archives: June 2012

June 2012 Monthly Wrap-Up: NEM, GLD, CREE, AAPL, CME, WYNN, SWKS, NOV, DLTR, GOOG, ACOM, POT, FB, WPRT

Wow, what a way for the market to end the month June.  On Thursday night, leaders in Europe finally came to agreement to find ways to stabilize their financial crisis.  Global markets responded positively on Friday, and the US market went up +2.5%!  This result was already forecast last weekend, which we’ll further discuss tomorrow [...]

Market May Be Ready For A Pop: SPX, Nasdaq, POT, MOS, CF, MON, AGU, OXY, CVX, XOM, AMZN, LNKD, GS, MLM, SHW, SPG

The market took a nosedive on Monday, sending SPX down to test 1310 and Nasdaq down more than 2%!  Today, the market was weak again in the morning, but, managed to close higher in the afternoon.  Agriculture stocks once again pushed higher:  POT +3.63%; MOS +4.32%; CF +2.87%; AGU +2.19%.  MON will report earnings tomorrow [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GS, WFC, JPM, C, AIG, MA, V, NOV, SLB, RIG, DO, XOM, CVX, IOC, ONXX, ALXN, MDVN, BIIB, GILD, VRTX, VVUX

Last weekend, in my Market Forecast, I wrote: "First resistance is at 1360, but, this market could run up to test 1380.  As discussed last week, financials and energy sectors led the charge.  Both sectors have turned bullish.  If the tech stocks start to move up, the market could get a lot more fuel to [...]

Weekly Wrap-Up June 23: AAPL, ACOM, POT, FB

Well, we had another solid week of winning trades in a volatile market environment!  The market took a quick drop on Thursday, partially fearing the bank downgrades by Moody.  The market came down so fast that we pretty much just sat out and observed.  We did, however, pick up some FB calls, which gave us [...]

Market Awaits For the Fed: SPX, Nasdaq, POT, CF, MOS, AGU, CSTR, ACOM, AAPL

The market pushed higher after a slow start on Monday, which we have already discussed in the Trading Room on Friday, as I commented: June 15, 2012 11:51 AM I don’t see the market with a big rally on Monday, no matter what happens… This gave us a chance to stay light ahead of the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XLF, IGV, MOO, RIG, NOV, OXY, APA, SLB, MA, V, ICE, CME, C, AIG, CTXS, CRM, VMW, FFIV, RHT, ORCL, AGU, MOS, POT, CF

Happy Father’s Day! The big news today is of course from Greece.  The election results are out and the conservative New Democracy party came away with a slim victory.  Now, the pro-bailout parties can work to form a joint government.  This seems to have calm the worries from the global financial markets, as Asian markets [...]

Weekly Wrap-Up June 16, 2012: CME, AAPL, VHC, LNKD, ACOM, EXPE, CELG

The market had a strong week, as the world looked to the election in Greece tomorrow.  Stocks were surprsingly strong on Thursday and Friday after yo-yo’ing up-and-down in an directionless market earlier in the week.  We cashed out most of our positions on Monday and did not trade much for the rest of the week.  [...]

Market Rallies As Central Banks Promise Action: SPX, Nasdaq, NAV, APA, SLB, EQT, BIIB, CELG, GILD, AAPL, GOOG, AMZN

The market has been hovering within a tight range all week:  down Monday, up Tuesday, down Wednesday, and now up on Thursday!  It was not easy today.  Things really weren’t going anywhere and was looking to slip in the afternoon.  But, with an hour left in trading, news came out that global central banks stand [...]

Market Hovers In A Tight Range: SPX, Nasdaq, AAPL, CME, VHC, POT, MOS, CF, AGU

On Monday, the market gapped up at open on the news of aid for Spain.  But, the market immediately started to take profits, and so did we.  We jumped in on longside plays on Friday afternoon.  Profits included a +123% gain on AAPL and +77% win on CME: 07:54 | HappyTrading VHC ($34.30) Sold to [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, IGV, XLF, XLE, VMW, FFIV, CRM, RHT, CTXS, INTU, GS, JPM, WFC, C, AIG, MA, V, OXY, APA, HES, NOV, SLB

Last weekend, in my Market Forecast, I said, "For the new week, we should see the downward momentum persist for another couple of days.  Things may be volatile and we could see some mid-day swings.  On the downside, SPX 1260 is the next support, while 2700 sees support for Nasdaq.  If the market bounces, SPX [...]