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Monthly Archives: November 2015

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XRT, BTK, FAS, SOXX, BRCM, AVGO, SWKS, QRVO, AAPL, CELG, AMGN, BIIB, GILD, AMZN, BABA, PCLN

It was a volatile week, but, the markets managed to push higher. Monday and Tuesday were strong, continuing from the rally inspired by BIDU and LNKD’s earnings. However, we saw profit-taking on Tuesday afternoon that spilled into Wednesday and Thursday’s trading, ahead of Friday’s jobs report. The latest jobs numbers turned out to be really [...]

Weekly Wrap-Up + Market Forecast + Sector Watch: SPX, Nasdaq, XRT, BTK, FAS, FDN, GS, V, ROST, NFLX, AMZN, REGN, AGN, VRX, CELG, AIG, TSLA, CYBR, AAPL, LNKD

The market was very strong last week. A quick drop on Wednesday as an initial reaction to the Fed was quickly reversed by a sharp rally that pushed SPX to above 2090. In my Market Forecast last weekend, I talked about SPX having resistance between 2080 and 2100, “SPX has resistance from 2080 to 2100…” [...]