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Monthly Archives: March 2014

Tech Selloff Puts Markets In Red: SPX, Nasdaq, GOOG, PCLN, YELP, FB, QIHU, SFUN, SINA, SOHU, BIDU, WYNN, LVS

Tech stocks were extremely weak.  Across the board, investors were dumping tech shares.  Internets were among the weakest.  GOOG has fallen almost $80 in just 4 trading days, while PCLN tumbled about $120 during the same time frame.  YELP has been on a continuous slide since breaking $100; it ended just above $77 today.  FB [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, FDN, BTK, SOXX, PCLN, GOOG, NFLX, FB, YELP, OPEN, TXN, XLNX, ADI, BIIB, CELG, ALXN, BMRN

This market keeps on testing SPX 1880.  But, it seems like there are big funds selling stocks whenever SPX 1880 is hit.  On Friday, biotechs were dumped right at open, when stocks traded higher in pre-market.  Financials broke higher during the week, after Fed opened the possibility of increasing interest rates sooner.  Last weekend, in [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, OIH, TAN, SOXX, IGV, GOOG, PCLN, NFLX, FB, YELP, LNKD, TXN, XLNX, BRCM, TSL, JKS, CSIQ, SPWR, FSLR, DO, RIG, SLB, NOV

Last weekend, in my Market Forecast, I wrote: "Technicals are toppy, but, markets just keep climbing higher.  For the new week, I think it’s better to be cautious.  If this market pushes higher, it’s going to go parabolic!  Support is now between 1860 and 1850 on the SPX." From Monday to Wednesday, the market struggled [...]

Markets Under Pressure: SPX, Nasdaq, HLF, GOOG, PCLN, CMG, TSLA, AMZN, CF, MOS, AGU, MON, PLUG

The US markets have been holding strongly.  But, the selling pressure finally took over.  We have not been trading much as the market has been range-bound and directionless.  Even this morning, stocks opened higher on falling jobless claims.  But, the tension in Ukraine remained and Russian is once again doing "military exercises" at the border.  [...]