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Monthly Archives: March 2013

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XLE, BTK, SOXX, INTC, TXN, BRCM, ALTR, ADI, XLNX, CELG, AMGN, BIIB, GILD, INCY, ONXX, APA, APC, OXY, VLO, TSO, JPM, GS, C, V, MA

Happy Easter! Last weekend, in my Market Forecast, I said, "For the new week, if the broader market can push above SPX 1560, we might very well see a new leg up!  However, financials have been weak.  We’ll need to see how strongly the financials stocks can come back after last week’s slide.  Tech stocks [...]

SPX Ends the Month at Record Closing High! (March 2013 Monthly Wrap-up) AAPL, NFLX, HES, SODA, GLD, GS, BIIB, CELG, AMGN, BMRN, MA, V

The US markets ended the month of March with SPX at record closing high at 1569.19, just shy of 1570!  The Dow pushed further into record territory.  Techs still lagged, with AAPL, AMZN and GOOG having a losing month.  Software stocks were mostly down with ORCL suffering a big drop after its earnings.  Still the [...]

A Good Day As Consolidation Continues: SPX, Nasdaq, NFLX, AAPL, AMZN, APC, EOG, V, MA, BA, MON, DD, GS, WFC, JPM, BAC

Things have been very volatile, as consolidation continues.  While there are news coming from Cyprus, but, the range-bound, up-one-day-down-the-next type of trading may not necessarily due to what’s going on in Europe.  It may just be more that the markets need to have some time to consolidate. This morning, factory and housing data showed more [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XLE, GLD, FDN, GOOG, AMZN, PCLN, EBAY, GS, WFC, AIG, JPM, APA, OXY, SLB, MPC, PSX, CVX, TSO

Well, the big news tonight is that Cyprus was able to seal a bailout deal.  Asian markets, at the time of this writing, were reacting favorably upon the deal and trading mostly higher.  The financial crisis in Cyprus held global markets back last week.  But, at the same time, some consolidation was needed and investors [...]

Weekly Wrap-Up 3/23/2013: AAPL, GS, FAS, ORCL, FDX, UPS, DSW

It’s "March Madness"!!  The markets were very volatile this week!  On one hand, stocks needed to consolidate after strong advances since the beginning of the year.  On the other hand, markets were mulling over the prospect of taxing bank deposits in arriving at a bailout agreement for Cyprus.  For us, we had a great trading [...]

Volatility Rises as the Market Consolidates: SPX, Nasdaq, AAPL, GS, ORCL, TIBX, NKE

It was another volatile day!  The market started out on a down beat, but, dip-buyers came in once again.  However, in the afternoon, the selling resumed.  We were able to find good trades on both sides of the fence once again!  We took a quick trade on AAPL calls as it tried to come up [...]

Volatile Market Renders Trades on Both Sides: SPX, Nasdaq, MNST, FAS, PCLN, AAPL, GOOG, AMGN, REGN, ADBE, WSM, LULU, DSW, FDX, GLD

In my Market Forecast this weekend, I pointed out that SPX has support between 1550 and 1540.  Yesterday, SPX came down to test 1550 and closed above; today, SPX tested 1540 then bounced again.  Things opened higher this morning, but, selling soon took over.  We found some nice intraday trades on both sides.  MNST was [...]

Catching the Bounce on AAPL

AAPL has been sliding lower and lower since September 2012.  But, it does seem like it has finally turned the corner.  AAPL was up more than $10 on Friday.  Today, in a down market, AAPL added another $12.06, or +2.72%.  We have been watching and trading AAPL calls for more than a week now.  On [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, IGV, MOO, GDX, GS, JPM, WFC, MA, V, BAC, GOLD, AEM, NEM, CF, AGU, MOS, MON, CRM, VMW, INTU, SAP

Last weekend, in my Market Forecast, I said, "For the new week, it looks like Nasdaq’s daily MAs are just about to enter into a new bullish phase.  The Dow (not shown here) is actually the furthest along, technically.  SPX is also showing a new bullish phase.  Technically speaking, Nasdaq is lagging.  Financials have been [...]

Netgear Ready to Turn? NTGR

NTGR’s chart caught my attention tonight.  In early February, NTGR took a big 10% drop after its earnings report.  It came all the way down from $37 to test the support at $33.  Buyers have been slowly buying at just above $33. (to subscribe to our trade alerts, please visit our Services Page or CLICK [...]