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Monthly Archives: July 2012

Cirrus Logic Up +23% On Sales Forecast + July 2012 Monthly Wrap-Up: CRUS, AAPL, GOOG, NOV, BTU, AAPL, CME, QCOM, APC, EXPE, NFLX

One of the biggest riser today was CRUS, after giveing a bullish forecast on sales off of AAPL’s new iPads and iPhones.  Its shares popped over +23%!  We logged in a +244% win on CRUS Aug 27 calls, which we bought last Thursday!  The market managed to book gains in July, thanks to the big [...]

Super Rally On the Horizon + Weekly Wrap-Up: GOOG, PCLN, AAPL, CAT, NOV, BTU

The market turned in a good performance this week.  Much thanks to the ECB!  The market took a sharp drop on Monday and almost broke down on Wednesday, after an earnings miss from AAPL!  Then, new commitment from the ECB gave global markets a shot in the arm!  Things quickly turned around, sending shorts running [...]

Global Markets Rally On ECB Comments: SPX, Nasdaq, GLD, NOV, IOC, SLB, OXY, V, MA, GS, FB, ZNGA, YELP, AKAM, TSCO, WFM, WDC, SNDK, STX, SBUX, EXPE

Yesterday, gold popped in anticipation of possible easing action from the Fed.  Stocks also crept higher.  This morning, comments from European Central Bank President Mario Draghi to do "whatever it takes" to protect the euro zone sparked a broad-based rally in global markets.  Energy and financial sectors led the way:  GS +2.19%, V +3.74% (better-than-expected [...]

Apple Inc Sinks $33 (5.5%) On Earnings Miss! SPX, Nasdaq, BIDU, BTU, WLT, CLF, UPS, WHR, NFLX, AAPL, PCLN, RVBD, ACOM, TRIP, PNRA

The overall market tone in the past couple of days had been negative.  The financial crisis in Europe still hung like a dark cloud over the global markets.  Bulls have been fighting hard to keep support levels.  We locked in some profits, including calls on AAPL: 07:50 | Ecstatic Plays AAPL ($606.30) Sold to Close [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, SOXX, XLE, UNG, USO, AAPL, HES, OXY, NOV, XOM, HERO, CVX, TXN, VLTR, INTC, WFC, JPM, GS

It was another wild week!  In last weekend’s Market Forecast, I said, "For the new week, the market is at a good position to add to push higher.  On Monday, we’ll have to see how C reports in the morning.  A good report can propel the market further; on the other hand, a disappointing one [...]


The market was flat on Monday.  It popped higher this morning, but, quickly dropped lower as Bernanke testified in front of the Senate Banking Committee.  As the testimony went on, buyers came back in on higher likelihood of further monetary easing.  Agriculture stocks were very strong on better-than-expected earnings report from MOS:  MOS +5.13%; CF [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UNG, MOO, XLE, MOS, C, STT, GS, PNC, BAC, MA, V, AXP, INTC, ASML, XLNX, IBM, EBAY, FFIV, GOOG

Last weekend, in my Market Forecast, I wrote: "For the new week, the market will likely have a slow start on Monday.  Since Friday’s pullback was sharp, the market may be mixed on Monday, waiting to hear from AA’s earnings after market.  The market will wrap up with WFC and JPM’s earnings on Friday.  We’ll [...]

Financials Lead the Market Rally + Weekly Wrap-up! SPX, Nasdaq, JPM, WFC, GS, C, AIG, MA, V, EXPE

This morning, the market popped after favorable reactions to JPM and WFC’s earnings reports.  Stocks continued to push higher until the close, erasing the loss endured from early in the week.  JPM vaulted nearly +6%, while WFC was up +3.23%.  GS added +3.63% (reporting next Tuesday morning); C popped +5.42% (report next Monday morning); AIG [...]

Profit Warnings Put Market In A Sour Mood: SPX, Nasdaq, CMI, JOY, CAT, NAV, WPRT, ISRG, MAKO, PCLN, TRIP, EXPE, AMD

The market has been sliding lower, and today, the bad news just piled up a bit.  China’s import data was lower than expected.  Last night, AMD slashed its 2nd quarter outlook; today, CMI cut its full-year forecast.  AMD was down 11.21% and CMI dropped almost 9%.  JOY -5.49%, CAT -3.45%, NAV -7.27%, and WPRT -4.53% [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, MOO, XLE, JPM, WFC, CF, AGU, POT, MOS, MON, OXY, APC, RIG, SLB, NOV, APA

First week of July quickly went by as Tuesday was a half day and Wednesday a holiday for 4th of July.  Last weekend, in my Market Forecast, I said, "For the new week, the market starts at the breakout point.  Above 1360, SPX should test 1380.  Nasdaq could test 3000.  We might see a slow [...]