Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Category Archives: AAPL
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
Strong Earnings Push The Market Higher! SPX, Nasdaq, CSX, AA, JOYG, GOOG, RIMM, AAPL, AMZN, IBM, PCLN, FFIV, CREE, VMW, CRM
July 13, 2010 – 3:46 pm
Yesterday, after the market, both AA and CSX reported solid earnings. However, CSX ended the day down 1.41% and AA was only up +1.2%. Mining stocks, in general, were only up slightly. JOYG stood out in the crowd, gaining +4.82%. Financials and techs lead the broader market higher. GOOG and RIMM have been popular in [...]
Market Surges After 2 Weeks Of Selloff: SPX, Nasdaq, GOOG, AAPL, NFLX, CREE, VMW, CRM, VECO, GS, PNC, WFC
July 7, 2010 – 3:05 pm
In my Market Forecast this week, I said, "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels [SPX 1040; Nasdaq 2150] should be the first resistances. We could see some volatile trading to start the week." Yesterday, the market gapped higher and [...]
Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE
July 1, 2010 – 4:57 pm
On Tuesday, in my evening article, I said, "There is some resistance at 36 for VIX. We may see shorts start to cover some positions before Friday’s unemployment report. Profit-taking happens on the downside, too! There’s a lot of focus on the SPX 1040. If that does not hold, the next soft support is SPX [...]
Late Selling Sends Market Lower! SPX, Nasdaq, OSG, FRO, TK, AAPL, GOOG, CMG, NFLX, SNDK, VMW, MON, DNDN
June 30, 2010 – 3:51 pm
The market spent most of the day defending the SPX 1040 level. We saw some bounces in the morning. But, like I said in my article last night, "…the momentum is on the downside right now, and, bounces may invite more selling." In the last hour of trading, the selling resumed on heavy volumes, ending [...]
Market Stumbles On Economic Worries: SPX, Nasdaq, APA, EOG, IOC, CLF, WLT, BTU, X, AAPL, GOOG, RIMM, AMZN
June 29, 2010 – 4:41 pm
Last night, Chinese stock market’s Shanghai SE Composite Index dropped more than 100 points, or more than 4%. This morning, the US market followed the bearish sentiment, gapping lower. US consumer confidence index fell 10 points in June, the biggest fall since February. The selling continued throughout the day and the market pretty much ended [...]
How Fast Things Can Turn: SPX, Nasdaq, APA, BP, RIG, DO, CME, ICE, V, MA, RIMM, AAPL, ORCL
June 24, 2010 – 5:53 pm
Just this Monday, things seemed ready to break out with the Chinese yuan finally loosening its peg to the dollar. A couple of bad housing reports and a few days later, this market is at the verge of breaking down again! SPX shot up above 1131 on Monday morning; today, it closed below 1080, at 1073.69. [...]
Bullish On RIMM? (Huge Volumes On RIMM Calls)
June 23, 2010 – 8:32 pm
Most Analysts have not exactly been positive on RIMM, especially in recent months, as Apple’s iPhone has been dominating the smartphone market. RIMM’s shares have fallen from around $75 in March to now $60. Tomorrow after the market, RIMM will report its earnings. On the same day, however, AAPL is releasing its iPhone 4. Investors [...]
Some Profit-Taking, As Expected: SPX, Nasdaq, AAPL, GOOG, FDX, AEM, NEM, GOLD, BP, RIG, APC
June 16, 2010 – 4:44 pm
Yesterday, in my article, I mentioned that we should see some profit-taking and more volatility. This morning, the latest economic data were mostly positive with solid industrial production and benign inflation numbers. Housing starts, however, dropped. The market was a little soft at the open, but, pushed higher in mid-day; only to lose most of [...]
Market Breaks Above Key Resistance! SPX, Nasdaq, RIMM, AAPL, AMZN, GOOG, CLF, WLT, BHP, JOYG, BUCY, DO, RIG, BP, APC, APA, PCP, BA, BBY, MA, V
June 15, 2010 – 3:06 pm
Once again, the afternoon weakness, that occurred yesterday, turned out to be another shakeout! Today, the market cooked up a broadbased rally. So far, the market has behaved exactly as discussed in my Market Forecast this weekend. Techs were very strong today. RIMM led the charge with a +5.85% gain, while AAPL, AMZN, GOOG added [...]
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