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Monthly Archives: August 2014

SPX 2000, BTK 3100, What About Nasdaq 5000? SPX, Nasdaq, AAPL, IBB, AMGN, ITMN, ILMN, MDVN, LLY, VRTX, CLVS, INCY, LNKD, NFLX, YELP, TWTR, FB, PCLN, GOOG

Today, SPX managed to close just above 2000!  Biotechs continue to attract investors as they speculate on what/when the next merger is!  Over the weekend, Roche announced a $8.3 billion deal to buy ITMN, or at $74/share a 38% over Friday’s closing price!  Biotech stocks have been really strong this week, pushing the biotech index [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, ITMN, VRTX, BIIB, GILD, MDVN, ILMN, BMRN, CLVS, MA, V, GS, JPM, WFC, APA, APC, SLB, OXY, NOV

Stocks continued to push higher this past week.  Besides a slight pause on Friday, things looked strong throughout the week.  In my Market Forecast last Sunday, I said, "For the new week, markets are back in neutral gear, at least to start the week.  Friday’s late morning quick selloff turned a potential positive signal back [...]

Markets Take A Pause: SPX, Nasdaq, SODA, FFIV, NFLX, QCOM, RL

Stocks have been bouncing for about 2 weeks from the falloff that started at the end of July.  SPX is now back to 1986.5, just several points away from its new all-time high, which was set just a few days before the quick pullback in July.  The Dow is almost touching 17,000 again.  Nasdaq has [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XME, FAS, GS, JPM, WFC, V, MA, X, STLD, NUE, CLF, WLT, BTU

Stocks had a good week last week.  Buyers were still buying on dips.  Last weekend, in my Market Forecast, I wrote: "For the new week, if stocks continue to bounce, the first resistance is at 1940.  If SPX breaks above 1940 and still shows strength, we may need to test 1960.  Financials will need to [...]

Stocks Continue to Bounce From Recent Drop: SPX, Nasdaq, CSCO, TSLA, CSIQ, AMGN, AAP, CHL, PSX, MPC, TSO, VLO, NFLX, FB, TWTR, Z, TRLA

Besides a stutter on Tuesday, the broader market has been strong this week.  SPX closed above 1955 today, even though CSCO was down 2.26% after announcing plans to cut 6,000 jobs!  Oil refiners were strong and have been climbing for more than a couple of weeks!  PSX was up +1.1%; VLO +2.82%; MPC +1.69%; TSO [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FAS, FDN, XLE, TAN, JKS, CSIQ, FSLR, APA, APC, EOG, SLB, GOOG, AMZN, LNKD, NFLX, FB, GS, BLK, MA, V, PNC

It was quite a volatile week!  Last weekend, in my Market Forecast, I said: "For the new week, still lots of earnings coming in, but, most heavyweights have reported.  The tone of the market is now much cautious.  We should see some consolidation early in the week.  Some buyers should be itching to jump in, [...]

July 2014 Monthly Wrap: WFM, WHR, LNKD, FB, AMZN, CREE, SCTY

The month of July was mostly about earnings.  Tech earnings were especially strong.  Social network stocks did really well, mostly.  We had some nice trades this month with a few triple-digit winners: 10:04 | Ecstatic Plays WFM ($39.10) Sold to Close 08C37.5 Aug 38 calls, at $2.05 +105% 08:10 | HappyTrading FFIV ($113.00) Sold to [...]

Market Forecast + Sector Watch: SPX, Nasdaq, FDN, GLD, BTK, FXI, BIDU, PTR, CHL, LFC, GOOG, NFLX, YELP, CELG, BIIB, ILMN, GILD, PCLN, CRM, PCYC, REGN, YHOO, EXPE

Markets took a steep fall last week.  In my Market Forecast last week, I wrote: "For the new week, more earnings are still coming in…  Although SPX made a new all-time high last week, it closed below 1980.  It’s resistance now is between 1985 and 1990.  SPX still has good support between 1960 and 1950.  [...]

Markets Tumble As Argentina Defaults: SPX, Nasdaq, DJI, YELP, GOOG, PCLN, LNKD, FB, WLP, HUM, UNH, GS, JPM, WFC

US market took a sharp drop yesterday, as Argentina defaults on its $1.3 billion of debt.  Jobless claims were more than expected, which didn’t help.  Stocks gapped down and kept sinking lower! High-flying internet stocks pulled back with the broader market:  PCLN -1.07%; GOOG -2.69%; YELP -11.16%; FB -2.71%.  Healthcare stocks were weak again:  WLP [...]