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Monthly Archives: September 2012

Market Forecast + Sector Watch: SPX, Nasdaq, BTK, XRT, XLF, MOO, MOS, MON, CF, AGU, GS, JPM, BAC, AIG, WFC, RL, COH, LQDT, KORS, REGN, ONXX, ALXN, MDVN, BIIB

Last weekend, in my Market Forecast, we discussed: "For the new week, it looks like this market needs to work off more steam before the earnings season starts.  Again, the pullbacks should be shallow.  The immediate support for SPX is at 1450.  We could see another week of tight-ranged trading, unless there is significant news [...]

September 2012 Wrap-Up, What A Month! GMCR, CMG, BIDU, FFIV, CAT, COG, QCOM, WYNN, CF, AGU, V, CRM, NOV, GOOG, ULTA, VRTX, AKAM, BIIB, GOLD, GS, YELP, LNKD

September was a really good month for us, as we anticipated a big rally.  Central banks around the world coordinated further monetary easing policies to boost up the economies and financial markets.  Our trades were filled with triple-digit gainers, and we didn’t just trade the upside either.  Just last week, when the market saw some [...]

Market Pulls Back On Concern Over Europe: SPX, Nasdaq, GOOG, LNKD, CMG, AAPL

It’s been quite a volatile couple of days on the market.  All last week, the market traded in a tight range and really didn’t do much.  On Tuesday afternoon, the profit-taking started to pick up some momentum, spurred by demonstrations in Spain against new austerity measures.  We jumped on puts as the market started falling [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XRT, XLF, IGV, XME, XRT, XLF, SOXX, CRM, VMW, FFIV, RHT, GS, C, AIG, WFC, RL, COH, SHLD, KORS, WLT, ACI, BTU, ATI

Last weekend, in my Market Forecast, I said: "For the new week, the market may need a little breather once again.  SPX’s immediate resistance is now at 1475.  Given that a lot people still need to chase performance and retail investors should start to come in after last week’s rally, 1475 could be easily broken.  [...]

Blatant Manipulation In Addition To High-Speed Trading! KORS, COH, GOOG, GOLD, RGLD

The market finally decided to take a respite this week and traded in a tight range.  Profit-taking was seen in the industrials after getting inline manufacturing data from China.  The retail sector also pulled back a bit, although KORS popped again (up +9.26%) on Friday after the company raised its guidance; on the other hand, [...]

Market Trading In A Tight Range: AAPL, AMZN, GOOG, FDX, QCOR, MDVN, ONXX, JAZZ, VVUS, APA, OXY, NOV, NSC, UNP, CSX

The market really hasn’t gone anywhere during the first 3 days of trading this week.  Industrials have been on the weak side, after FDX cut its outlook on Tuesday morning.  Energy stocks have been falling as oil took a quick tumble in the past few days:  APA, OXY, and NOV all retreated from last week’s [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, SOXX, TXN, ADI, ALTR, INTC, AMAT, IOC, OXY, APA, APC, SLB, NOV, CLF, BTU, WLT

Last weekend, in my Market Forecast, I wrote: "For the new week, the market may need a little breather to start, although we may see the market mixed, as there are still many sectors that could see stronger bounces.  The profit-taking should be shallow, as people who are still sitting on the sidelines would rush [...]

A Week of Triple-Digit Gainers! FFIV, CAT, COG, QCOM, WYNN, CF, V, CRM, NOV, AGU, V, SINA, PCLN, QIHU

I’ve been talking about a "super rally" for a while now.  My first article on it was on July 28th (Click here to see the article).  At the time, SPX was only at 1385: SPX SPX touched 1475 on Friday.  That’s 90 points or +6.5% on the broader market.  All through August, the market traded [...]

Some Profit-Taking Ahead of Key Events: AAPL, GOOG, AMZN, PCLN, GS, NOV, V, MA, CRM, AGU, MNST, CSTR, LQDT

The market saw some profit-taking in the past couple of days.  Major indices were down on Monday.  But, they gained back some grounds on Tuesday.  Techs, however, was still weak and barely made into the green before Tuesday’s close.  AAPL has dropped about $20 during the past 2 days, ahead of its highly anticipated iPhone5 [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, FDN, GOOG, AMZN, EBAY, APA, OXY, APC, NOV, WLT, CF, BTU, BAC, WFC, JPM, STI, PNC, GS

Wow, what a week to start September.  Well, instead of saying "a week", maybe it’s better to say "2 days"!  First of all, it was really not a full week, given that Monday was a holiday for the US markets.  Secondly, things really didn’t go anywhere until Thursday, until a coordinated (yes, you’d better believe [...]