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Monthly Archives: June 2014

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, FAS, FDN, MOO, POT, MOS, CF, AGU, GOOG, PCLN, LNKD, NFLX, PNC, GS, MA, V, SLV, AGQ

Markets pushed higher, yet again!  New all-time highs for the Dow and SPX.  Last weekend in my Market Forecast, I wrote: "For the new week, it looks like things need some consolidation.  SPX 1950 is now the new resistance.  Nasdaq seems strong.  So, I think if we start to see weakness in techs, this market [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, IGV, FAS, XLE, FDN, GOOG, OXY, GS, BAC, MA, PCLN, APA, JPM, V, CRM, SLB, MSFT, NFLX, APC, EOG, CTXS, RHT, CTSH, FB, YELP, VWM

Last weekend, in my Market Forecast, I said, "For the new week, the Chinese PMI may prompt the markets to get a strong open.  But, I think this rally is a bit extended.  It may be a stock/sector-picking week.  SPX 1920 could be a nice level to consolidate around.  Above that, it’s brand-new territory.  Markets [...]