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Monthly Archives: September 2013

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, SOXX, GLD, XLF, XME, BTU, CLF, JOY, CMI, GS, WFC, JPM, C, ALTR, BRCM, XLNX, ADI

The market really didn’t go anywhere for the week, and SPX closed below 1700.  Last weekend, in my Market Forecast, I wrote: "For the new week, it looks like the market is consolidating a bit here.  But, it also looks like the market has just started a new bullish formation.  SPX and the Dow are [...]

Stocks Pull Back After Reaching New All-Time Highs! SPX, Nasdaq, AAPL, GOOG, MA, RHT, TSLA

After a big pop last Wednesday on Fed’s surprising "dovishness", stocks have been pulling back, consolidating.  SPX back below 1700 again.  AAPL has had a good week so far, getting a big pop on Monday on good iPhone5 sales numbers.  But, it, too, pulled back today, by 1.55%.  GOOG has dropped more than $25 so [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, IGV, FDN, CRM, ADBE, CTXS, CTSH, P, YELP, FB, GRPN, GS, WFC, C, AIG, MA, V, RGLD, AEM

Last weekend, in my Market Forecast, I said, "For the new week, we will hear from the Fed on Wednesday.  If SPX can pierce above 1700, we should see a new breakout.  Nasdaq is already ready to push higher." On Monday, the market popped higher to test 1700.  On Tuesday, SPX stayed above 1700.  Even [...]

Bernanke Says “No Tapering”! SPX, Nasdaq, GOOG, AAPL, PCLN, VIPS, SFUN, FDX, MA, CF, GLD

Today, the Fed surprised the markets when it announced that it will wait for more evidence of solid economic growth before slowing down on its bond buying.  Stocks shot up after the announcement, sending SPX up +1.22%!  AAPL managed to make gains for a 2nd day, adding another $9.36.  GOOG popped more than $17.  PCLN was [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, XLE, SOXX, MA, V, GS, AIG, APC, NOV, SLB, OXY, HES, CIEN, BRCM

Stocks bounced higher last week.  Financial and energy stocks strengthened.  Here’s what I wrote in my Market Forecast last weekend, "For the new week, if the overnight bullishness in Asia transfers over, we should see SPX continues to bounce above 1660.  Then, we’ll have to see what SPX does with 1680.  Nasdaq, however, is challenging [...]

Stocks Push Higher! SPX, Nasdaq, AAPL, BIDU, FB, YELP, UTX, IBM, LQDT, VIPS, WLP, HUM, UNH, CMI, APC, OXY, JOY

From Wednesday, 9/11/2013 Stocks continued to push higher this week.  SPX is now testing 1690 again, and Nasdaq is at a new high in more than a decade.  However, Nasdaq was weak today, pulled down by AAPL.  AAPL sank 5.44% today after disappointing investors with its new products. We have been trading very well, especially for [...]

Market Forecast + Sector Watch: SPX, Nasdaq, MOO, FDN, XLE, XLF, CF, AGU, MOS, POT, YELP, GOOG, AMZN, FB, EXPE, PCLN, GRPN, NOV, APC, SLB, HES, OXY, GS, MA, WFC,JPM

After reaching SPX 1700, the market has been consolidating for the past month.  Last week, the market finally bounced a bit.  It wasn’t anything big, but some earnings and economic data enticed some buyers back in.  However, as I discussed last weekend, the market met resistance right away.  In my Market Forecast last weekend, I [...]

Weekly Wrap-Up 9/7/3013: FB, YELP, MA, CRUS, AAPL, CHL, NOV, APC, SFUN

Stocks bounced this week.  However, the market met resistance at SPX 1660.  We had some nice trades in place.  Both FB and YELP pushed higher.  YELP made a new all-time high at $64.39.  FB got close to its IPO high of $45.  Both trades gave us nice returns: 07:23 | Ecstatic Plays FB ($43.15) Sold [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GOOG, AMZN, PCLN, YELP, FB, BTU, WLT, CMI, APA, APC, OXY, NOV, GS, V, WFC, JPM, MA

Happy Labor Day!  After a month of pullback, stocks will start a new month at a precarious stance.  Yesterday, world markets bounced as the US delayed potential military action against Syria and the economic data out of China and Europe showed improvement.  Last week, the Dow fell 200.2 points; SPX dropped 30.53 points; Nasdaq lost [...]

August 2013 Monthly Wrap-Up: AAPL, GLD, YOKU, WYNN, YELP

  Happy Labor Day!  It’s been a volatile month.  But, the direction was "down" in general.  The market indices started the month at all-time highs (decade-high for Nasdaq).  Slight profit-taking during the first two weeks turned into sharper pullbacks worrying over tapering on the stimulus.  We caught some nice trades (highlighted in black) but really [...]