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Monthly Archives: November 2012

Earnings, Special Dividends, and Fiscal Cliff: SPX, Nasdaq, GMCR, MNST, SODA, LVS, WYNN, COST, GOOG, PCLN, FB, AAPL, KORS, CELG

The market was in a somber mood yesterday, after getting disappointing comments from Congress regarding the fiscal cliff.  But, the story was completely turned today, as both Obama and House Speaker John Boehner seemed encourage that a budget deal could be within reach.  The market quickly turned higher from being down in the morning. Most [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, BTK, XRT, GS, MA, V, COH, RL, KORS, GILD, BIIB, REGN, CELG, AIG, GMCR, BIDU

Hope you have all had a wonderful Thanksgiving!  The shopping scene this weekend seemed to be robust as consumers spent more than $1 billion online.  Apple’s iPad and iPhone accounted for nearly 19% of online shopping! Last weekend, in my Market Forecast, I wrote: "For the new week, if we continue to see progress being [...]

Trading the Bounce In Apple! AAPL, GMCR, AIG, BBY, HPQ, CLF, WLT, ANR, MOS, CF

Happy Thanksgiving!   Since last Friday’s amicable showing by the Congressional leaders, who seemingly were on an "amicable’ path to reach "some sort" of agreement on the budget to avoid the "fiscal cliff" (yes, many qualifiers are needed when one talks about politicians!), the market seemed to be in a better mood.  AAPL, in particular, after [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XRT, FDN, BTK, GILD, CELG, REGN, ALXN, ONXX, MDVN, GS, WFC, MA, V, JPM, BAC, GOOG, AMZN, EBAY, CRM, FFIV, VMW, EQIX, KORS, COH, SHLD, TGT, GPS, ROST

Happy Thanksgiving week! Last weekend, in my Market Forecast, we discussed, "For the new week, we may start to see some bounces.  SPX now has resistance between 1400 and 1420.  Markets now may be more "news-driven" than usual as the recent pullback have rendered stocks range-bound for the near term.  If the markets do bounce, [...]

Weekly Wrap-Up 11/16/2012: AAPL, FB, LVS, CAT

The market sentiment stayed negative this week as the "fiscal cliff" kept the buyers on the sideline.  FB bucked the trend and we caught a couple of quick trades on its bursts.  On the downside, we played it safe with puts on CAT and LVS December puts.  On Friday, the politicians finally showed a bit [...]

Markets Suffered Another Blow! SPX, Nadaq, CSCO, ANF, GOOG, AAPL, GS, C, PNC, MA, V, GOLD, SLW, FB, NTAP, PETM

After last Wednesday and Thursday’s sharp fall, stocks traded sideways for a few days.  But, today, right from the open, the market started to fall.  Early on, techs were stronger, propped up by CSCO’s better-than-expected earnings last night; CSCO finished up by +4.81% today.  Even ANF’s blowout earnings this morning failed to inspire buying in [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: XLF, GLD, XRT, XLE, GS, JPM, WFC, MA, V, KORS, RL, TIF, LULU, JCP, APA, OXY, NOV, SLB, RIG

It was another volatile week.  The market pushed higher ahead of the election day, but, took a sharp fall on Thursday and Friday as investors shifted their focus on the fiscal cliff and uncertainties in Europe.  Financials led the drop.  Last weekend, in my Market Forecast, I wrote: "For the new week, besides earnings, there’s [...]

Dow Sinks Below 13,000! SPX, Nasdaq, AAPL, GOOG, WLT, BTU, JOY, CAT, HUM, UNH, AET

The market took a sharp drop today, the day after the election.  The attention shifted towards Europe and the so-called fiscal cliff in the US.  Financials were weak.  Mining and coal stocks also dropped:  BTU -9.64%, WLT -8.16%, JOY -6.73%, CAT -3.47%.  Health insurance stocks took a beating:  HUM -7.88%, UNH -3.78%, AET -4.2%.  Among [...]

Market Forecast + Sector Watch: SPX, Nasdaq, FDN, XLF, XME, XLE, GOOG, AMZN, PCLN, IACI, YELP, SFLY, LNKD, GS, WFC, JPM, AIG, OXY, APA, CVX, XOM

Last weekend, in my Market Forecast, I wrote: "For the new week, earnings will continue to come in, but, the broader market may be range-bound.  Even if the market makes a bounce, upside could be limited.  First resistance should be between SPX 1420 and 1430.  Nasdaq’s 3050 could now be a resistance…. Gold has become [...]

October 2012 Monthly Wrap-Up: LULU, CF, C, PCLN, NFLX, CERN, APOL, CLF

In a weather-shortened week, the market was once again volatile.  In fact, volatility was pretty much characteristic for the month of October, with VIX popping to nearly 20 during the month.  There have been some erratic, big movements due to earnings, and the broader market was under pressure from the uncertainties in Europe and the [...]