August 29, 2010 – 7:31 pm
Last weekend, in my Market Forecast, I wrote,
"For the new week, the technicals are still carrying a bias to the downside. The M&A activities and the speculations for them are offsetting the inconsistency in the latest economic reports. The M&A activities are bringing buyers into some sectors. However, the industrials have been weak on further […]
By HappyTrading
|
Also posted in gold, POT, FCX, GLD, XME, USO, MOS, X, CF, ABX, MOO, CLF, WLT, NEM
|
August 22, 2010 – 7:43 pm
Last weekend, in my Market Forecast, I forecasted,
"For the new week, the latest development in the charts are certainly not bullish. However, it may not necessarily dictate a breakdown. If SPX 1080 does not hold, the next support is 1060, set back in mid-July. The market could still be range-bound, and, is very mixed."
As it turned […]
By HappyTrading
|
Also posted in gold, POT, GOOG, GLD, XME, MOS, PCLN, INX2, CF, ABX, MOO, NEM, MFE
|
August 17, 2010 – 5:09 pm
The market was strong out of the gate this morning on the latest economic reports, including better-than-expected industrial production and housing data. WMT reported solid earnings and raised its full-year guidance. WMT shares traded up +1.21%. HD barely beat the estimates with its earnings, but, its shares went up +3.4%.
In addition, BHP initiated a takeover […]
August 15, 2010 – 7:20 pm
Last weekend, in my Market Forecast, I said,
"For the new week, the market can run further into its newly developed bullish formation. The market has already stuttered around the SPX 1120 to 1130 area for a long time. If it’s going to break higher, it’ll have to catch the daily upper BB. This will mean […]
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."
Right off […]
By HappyTrading
|
Also posted in GS, POT, JPM, GLD, XLF, XME, MOS, CF, MOO, BTU, ACI, ANR, MEE, XLE, WFC, BAC, AIG, WLT
|
The market pushed higher today as investors cheered better economic data, such as improvement in private employment. The broader market itself only advanced slightly, as SPX added just +6.78 points. But, certain stocks really went higher, including most of our positions.
PCLN was the headline grabber. After last night’s blowout earnings and bullish guidance, PCLN jumped $50.53 […]
Last Thursday, in our Trading Room among the many discussions, I pointed out that, "This market is on the verge of a run up…" Last night, in my Market Forecast, I commented on the strength in the market indices, "For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase." The […]
By HappyTrading
|
Also posted in POT, FCX, MOS, BHP, CF, DO, RIG, CLF, WLT, BP, APC, HLF
|
Last weekend, in my Market Forecast, I said,
"VIX has sank back below 24, which could signal the intention to rally. We’ll have to see if the market can continue to push higher and stay above SPX 1100. If SPX 1100 is cleared, SPX should retest the 1120 level. Miners went up quite a bit last […]
By HappyTrading
|
Also posted in POT, FCX, XME, USO, MOS, BHP, INX2, CF, MELI, MOO, CLF, WLT, AOL
|
This morning, the latest jobless claims fell by the largest amount in almost a year. In addition, China reported solid export numbers. The market opened strongly and closed even higher. On Tuesday, in my article, I gave some trading ideas. Basically, I said that if the market is strong, the buying will be in the energy […]
By HappyTrading
|
Also posted in GS, POT, Nasdaq, SPX, BHP, NOV, CF, DO, RIG, MON, CLF, BP, APC, NBL
|
The market opened on the downside today, as jobless claims were a little higher than expected. But, stocks turned positive investors decided to cheer better retail numbers, instead. Target (TGT) added +3.02% while Gap (GPS) gained +3.06%. AMZN jumped +4.52% today. There were rumors that AMZN’s Kindle will soon be selling in Target stores. AMZN closed above $140. […]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
