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Monthly Archives: September 2014

After A Day of Gains, Markets Slump! SPX, Nasdaq, AGN, VRX, VRTX, GPRO, GOOG, NFLX, PCLN

Yesterday, stocks popped higher a logged in the best day in weeks.  Today, in was a complete reversal, and more!  Stocks fell from the opening, and just kept falling.  There may be a million seemingly logical reasons that people may use to try to explain today.  But, this isn’t unusual, given where the charts were [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, BTK, FAS, OIH, XLE, XOM, CVX, APC, APA, EOG, OXY, SLB, HAL, NOV, RIG, GS, WFC, JPM, BAC, MA, V, BIIB, CELG, ILMN, GILD

Last weekend, in my Market Forecast, I wrote: “For the new week, I think the selling pressure is increasing, especially with the Fed meeting on Tuesday and Wednesday. SPX’s initial support is between 1980 and 1970. 1950 should also see some support. Nasdaq still seems strong. 4500 should provide a solid support.” Indeed, markets came [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, FDN, IGV, TAN, FAS, WFC, JPM, GS, V, MA, GOOG, FB, TWTR, NFLX, FSLR, CSIQ, SCTY, TSL, ADBE, MSFT, CTXS, CRM, RHT

It was another choppy week, but buyers were still buying whenever SPX got close to 1980. In my Market Forecast last weekend, I wrote: “For the new week, I think consolidation will continue. The MACD is still flat. AAPL’s event on Tuesday may draw some speculations, but I wouldn’t rule out people selling on news. [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XME, FDN, FB, AMZN, GOOG, PCLN, TWTR, CTRP, YELP, X, NUE, STLD, EOG, OXY, NOV, SLB, APC, APA

Markets continued to trade in a tight range. Nevertheless, SPX managed to finish the week at a record close! Last weekend, in my Market Forecast, I wrote: “For the new week, I think the markets will continue to consolidate. Although stocks are staying strong, I think this rally needs to breathe a little more. I [...]

Markets Reverse Early Gains to Close Lower: SPX, Nasdaq, AMZN, EOG, APA, APC, NOV, SLB, PCLN, VIPS, POT, AGU, CF, MON

Markets opened strongly on Thursday, buy, ended in the red. SPX made a new all-time high at 2011.17. In my Market Forecast this weekend, I said that the market will continue to consolidate. After 3 days of trading, SPX has been pretty flat. Buyers came in early today. One of the big gainers today was [...]

Market Forecast + Sector Watch: SPX, Nasdaq, FAS, XME, IGV, SOXX, MSFT, ADBE, CRM, CTXS, MPWR, CAVM, AMBA, GS, WFC, JPM, MA, V

As mentioned in August’s Monthly Wrap-Up, US markets closed at new all-time highs. Last weekend, in my Market Forecast, I wrote: “For the new week, I think the market can use some time to consolidate. On the other hand, if the market pushes higher and above SPX 1990, this market can go on a bit [...]

August 2014 Monthly Wrap-Up: UTHR, AMZN, CLVS, JKS, RGLD, GOOG, CTRP

  Happy Labor Day weekend! Markets pushed higher again in August, with both the Dow and SPX closing at new all-time highs!  Nasdaq is also at a height not seen for more than a decade.  Last week, we had some really nice trades, including a +131% on CLVS calls and a +156% profit on UTHR [...]