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Category Archives: ACI

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG

August 8, 2010 – 8:11 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data.  For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase.  To break higher, SPX will have to break above 1120.  For Nasdaq, the resistance is at 2300." [...]

By HappyTrading | Also posted in AGU, AIG, ANR, BAC, BTU, CF, GLD, GS, JPM, MEE, MOO, MOS, POT, WFC, WLT, XLE, XLF, XME | Comments (0)

Energy Stocks Drag The Market Down! SPX, Nasdaq, BP, RIG, DO, SLB, BHI, APA, APC, WLT, CLF, BTU, CNX, ACI, AAPL, APOL, AMGN

June 1, 2010 – 7:59 pm

Over the Memorial Day Weekend, BP had failed to stop the oil leak in the Gulf of Mexico.  Out of the gate, the oil services sector gapped lower.  Further, the government announced criminal and civil investigations into the oil spill.  BP stock tumbled 14.97%!  Other oil services companies took a hit as well:  RIG -11.85%, DO [...]

By HappyTrading | Also posted in AAPL, AMGN, APA, APC, APOL, BHI, BP, BTU, CLF, CNX, DO, RIG, SLB, WLT | Comments (0)

Big Upswing Brings Nasdaq Green For 2010! SPX, Nasdaq, SNDK, BRCM, FFIV, GOOG, BIDU, AMZN, RIMM, AAPL, CLF, WLT, BTU, ACI, APOL, ESI, TLT

May 27, 2010 – 4:12 pm

The market jumped out of the gate today on China’s show of confidence in European debt even though the lastest jobs report may not have been inspiring.  Investors rushed back in to pick up tech stocks, sending Nasdaq roaring up +81.8 points and into the green for 2010.  GOOG added $15 to close above $490.  [...]

By HappyTrading | Also posted in AAPL, AMZN, APOL, BIDU, BRCM, BTU, CLF, ESI, FFIV, GOOG, RIMM, SNDK, TLT, WLT | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, SOXX, GS, WLT, CLF, BTU, ACI, PCX, BRCM

May 23, 2010 – 8:01 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is in a very vulnerable position.  The bounce last week took to the market to test the 10-day MA.  But, with a quick reversal, it closed under the 10-day MA again.  Further, both SPX and Nasdaq are showing newly developed bearish [...]

By HappyTrading | Also posted in BRCM, BTU, CLF, GLD, GS, PCX, SOXX, WLT, XLF, XME | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLE, XME, ACI, PCX, ANR, BTU, WLT, CLF, APA, OXY, HES, UPL, DVN, BHI, SLB, NOV

April 25, 2010 – 6:52 pm

Last weekend, in my Market Forecast, I said: "For the new week, things get a bit tricky.  While earnings are still expected to be strong, the anxiety over possible financial reforms can cast a shadow on the market, especially over the financial sector…  I think we’ll see some follow-through weakness on Monday.  In general, I’d [...]

By HappyTrading | Also posted in ANR, APA, BHI, BTU, CLF, DVN, GLD, HES, NOV, OXY, PCX, SLB, UPL, UUP, WLT, XLE, XME | Comments (1)

A Day To Take Profits: QCOM, BBY, AAPL, GOOG, AMZN, PCLN, CLF, WLT, BTU, ACI, MEE

March 25, 2010 – 3:50 pm

This morning, the market rallied to a new 52-week high today, as jobless claims fell.  In addition, QCOM raise its 2nd quarter guidance, while BBY reported a strong quarter with solid forecast.  QCOM shares added +4.98% to close at $42.19; it traded as high as $43.84!  BBY gapped up to $44.79, but, came down to [...]

By HappyTrading | Also posted in AAPL, AMZN, BBY, BTU, CLF, GOOG, MEE, PCLN, QCOM, WLT | Comments (0)

Fed Feeds The Market To New High! SPX, Nasdaq, CLF, WLT, ACI, PCX, MEE, GOLD, NEM, AEM, SLB, DO, RIG

March 16, 2010 – 5:23 pm

In my Market Forecast (click here) this weekend, I said, "Many tech and financial leaders could use a breather.  On Tuesday, we have the FOMC meeting.  The market may act undecidedly ahead of the meeting.  If the market slips ahead of Fed’s rate decisions but manages to keep close to SPX 1150, we could get another bump [...]

By HappyTrading | Also posted in AEM, CLF, DO, MEE, NEM, PCX, RIG, SLB, WLT, gold | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, USO, XME, MEE, BTU, WLT, CNX, ACI, PCX, AKS, GS, BAC

March 7, 2010 – 9:37 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market certainly has room to rise.  But, it’ll have to break above SPX 1120 to go higher.  The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes.  (What they really should [...]

By HappyTrading | Also posted in BAC, BTU, CNX, GLD, GS, MEE, PCX, USO, WLT, XLF, XME | Comments (0)

Miners Keep The Market Up! SPX, Nasdaq, WLT, CNX, MEE, ACI, CF, POT, MOS, AGU, TRA, MDVN

March 2, 2010 – 9:52 pm

The market started out strong today.  Although it gave back some gains in the afternoon, it managed to close in the green.  Gold rallied today to above $1130/ounce.  Miners led the market.  Besides the gold miners, coal stocks were also very strong.  WLT made a new 52-week high, closing at $84.53 and traded above $85/share.  [...]

By HappyTrading | Also posted in AGU, CF, CNX, MDVN, MEE, MOS, POT, TRA, WLT | Comments (0)

Market Pulls Back On Weak Consumer Data: SPX, Nasdaq, FSLR, TSL, CSIQ, YGE, BTU, CNX, MEE, ACI

February 23, 2010 – 8:41 pm

After an unexpected drop in consumer confidence, the market dropped quickely and stayed weak.  Solar stocks were especially weak as FSLR was downgraded.  FSLR shares stumbled 6.46%.  Other solar stocks also fell, including TSL -2.96%, CSIQ -7.06%, YGE -3.59%.  Commodity sectors were mostly down, with coal stocks leading the way:  MEE -6.24%, CNX -5.57%, BTU [...]

By HappyTrading | Also posted in BTU, CNX, CSIQ, FSLR, MEE, TSL, YGE | Comments (0)