Skip navigation

Monthly Archives: June 2013

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, FDN, XLE, HGX, GS, MA, V, WFC, PNC, GOOG, PCLN, AMZN, YELP, FB, OXY, RIG, SLB, IOC, TOL, LEN, PHM, SPG, SHW

After a sharp drop on Monday morning, buyers came in.  SPX went down to test 1560 and managed to bounce to 1620 on Thursday.  As I said last weekend, in my weekly Market Forecast, "For the new week, the market has turned bearish for the near-term.  The daily MAs and both SPX and Nasdaq have [...]

An Opposite Of Last Week? SPX, Nasdaq, FAS, BBRY, PCLN, GOOG, YELP, CELG, BIIB, REGN, ALXN, GLD, GDX, SLV

Well, after Monday’s quick drop at open, buyers definitely came in to pick up some cheap(er) stocks.  Markets rallied yesterday and continued to climb higher today.  Financials have been really strong.  FAS has already bounced more than +10% from Monday’s low (from below $56 to above $62)!  We locked in some profits today: 08:05 | [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, BTK, XLE, XRT , RL, DECK, ANF, KORS, COH, NOV, APA, MPC, PSX, TSO, VLO, CELG, ILMN, BIIB, ONXX, REGN, GILD, ALXN

It’s been a very interesting week.  In my Market Forecast last weekend, we discussed: "For the new week, the market is trying very hard not to turn bearish.  But, now, SPX 1640 seems to be a resistance.  If SPX rises above 1660, the buyers should come in to continue this rally.  The risk, though, now [...]

Markets Take A Tumble! SPX, Nasdaq, GS, MA, V, C, FAS, MPC, PSX, APC, GLD

Late yesterday, after hearing from the Fed, the market turned to the down side in a big way!  SPX quickly lost more than 15 points in the last hour of trading.  Overnight, the economic data from China came out weaker than expected.  Asian market fell sharply, with China losing 2.77% and Hong Kong falling 2.88%! [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, BTK, XLE, XLF, GS, MA, V, JPM, BAC, APA, APC, HES, OXY, CELG, ONXX, GILD, BIIB, REGN, ALXN

Last weekend, in my Market Forecast, I wrote: "For the new week, stocks may need a little pause and consolidation to start the week.  There is resistance between 1650 and 1660.  On the down side, we will have to be careful if SPX falls below 1620 again.  Techs actually held up surprisingly well.  But, biotechs [...]

Weekly Wrap-Up 6/7/2013: GLD, GS, CELG, VIX, DDD, SPY, GOOG, PCLN, AMZN, BIDU, SINA, SOHU

Markets started out the week falling.  But, after testing SPX 1600 on Thursday afternoon, buyers came in.  Friday’s jobs report was better than expected and stocks came roaring back and ended the week up!  We locked in profits on most of our "down side" positions on Thursday morning and wrapped up a very nice week!  [...]

Just A Healthy Pullback? CELG, VIX, DDD, XPY, GS, C, PNC, V, BIIB, CELG, REGN

Markets struggled to find a direction on Monday.  But, today, dip-buyers shied away from buying.  Stocks were mostly lower.  We locked in gains on our downside trades, including a +204% profit on CELG puts: 12:34 | HappyTrading CELG ($112.50) Sold to Close 06P120 Jun 120 put, at $8.50 +204% 08:09 | HappyTrading CELG ($155.80) Sold [...]

Market Forecast + Sector Watch: SPX, Nasdaq, FDN, BTK, XRT, XLE, APC, OXY, IOC, SLB, RIG, DO, KORS, ANF, SHLD, LULU, BIIB, CELG, REGN, ALXN, AMZN, GOOG, PCLN

Last weekend, in my Market Forecast, we discussed: "For the new week, major sectors are testing supports.  I think we’ll see a range-bound market.  SPX now has resistance at 1680 and support between 1640 and 1630.  Gold may seen some bounces." Things pretty much happened as forecasted.  On Tuesday, stocks popped and SPX ran as [...]

May 2013 Monthly Wrap-Up: APA, CF, SOHU, GOOG, AAPL, TLT, HPQ

This month has come and gone like a whirlwind!  Volatility has certainly picked up.  The markets have been new all-time highs, and yet closed the month on a down note.  Still, May was a winning month for stocks with SPX hitting a new all-time high at just above 1687 and the Dow pushing above 15,500.  [...]