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. [...]
Category Archives: AGU
Market Rally Takes A Break: SPX, Nasdaq, MEE, WLT, CLF, MON, POT, AGU, GLD, GOLD, GS, AIG, LCC, UAUA, JBLU, BBBY, HOTT
April 7, 2010 – 3:26 pm
The market stalled in its rally today. Late in the afternoon, the market took a quick pullback, but, was able to stabilize a bit before the close. Energy and coal stocks were weak today. MEE dropped another 6.67% on the recent mine explosion accident. WLT and CLF pulled back, falling 1.94% and 2.18%, respectively. This [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, MOO, CLF, WLT, X, MEE, POT, CF, TRA, MOS, AGU
March 14, 2010 – 7:57 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, both SPX and Nasdaq are showing a new bullish formation in their respective daily MAs. Nasdaq is basically at the resistance set back in January, 2325. SPX’s next resistance is at 1150. Above these resistance level, the market could break out to a [...]
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. [...]
Market Pares Loss With A Mid-Day Bounce: SPX, Nasdaq, ESRX, KSS, DECK, CME, ICE, CF, POT, MOS, AGU
February 25, 2010 – 7:50 pm
The market opened lower today as the number of jobless claims increased in the latest data. However, in the afternoon, the market started to reverse its direction. Fertilizers were among the first ones to be bought. CF, in particular, bounced on heavy buy volume after opening below $100/share; it ended up $4.60, or +4.56%, to [...]
Commodity Sectors Rally Higher! SPX, Nasdaq, TRA, POT, MOS, CF, AGU, TSL, GLD, CNX, CLF, BTU, X, RTP
February 16, 2010 – 4:06 pm
Stocks rallied today, led once again by the commodity sectors. As I have been saying for a week now, "The dollar is very strong, but, perhaps needs a breather. Commodity sectors could see buyers rushing in if the dollar pulls back." The dollar finally got a meaningful pullback today, sending SPX towards 1100. Over the [...]
Market Forecast + Sector Watch + Weekly Wrap: SPX, Nasdaq, GLD, USO, SOXX, MOO
February 15, 2010 – 6:10 pm
This weekend is a triple holiday weekend! Happy Valentine’s Day, Happy Chinese New Year, and Happy President’s Day! Hope you’ve had a wonderful weekend! Last Sunday, in my Market Forecast, I wrote: "For the new week, the market could stage a bounce and bounce off of SPX 1060. Whether or not the bounce is [...]
Market Bounces On Possible Greece Rescue: SPX, Nasdaq, CAT, BUCY, JOYG, AGU, POT, CF, UAUA, DAL, JBLU, LCC, BIDU, NTGR, GS
February 9, 2010 – 8:20 pm
This morning, the market was encouraged by a possible rescue plan for Greece’s debt crisis. In addition, CAT received an upgrade from Morgan Stanley. Commodity sectors jumped and pushed the Dow back above the 10,000 mark. CAT finished the day up +5.42%. Both BUCY and JOYG also benefitted, gaining +4.48% and +2.74%, respectively. AGU reported [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, GS, GOOG, AXP, C, IBM, CSX, UNP
January 18, 2010 – 9:46 pm
Happy MLK Day! Hope you’ve had a nice long weekend! Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks strong, but, will have to be supported by good earnings. Breaking and staying above SPX 1150 could be a psychological blow to the shorts. Steel stocks may have run a bit [...]
Profitting On Both Sides, Again! BIDU, TSL, FSLR, INTC, POT, CF, AGU, TRA
January 14, 2010 – 9:22 pm
Even though the market indices ended higher today, the individual sectors produced mixed results. We saw pockets of strength here and there, but, also some weak areas. Miners were mostly weak, perhaps still lingering on AA’s earnings report. Solar stocks were up in the morning, but, did a big reversal in the afternoon when news [...]
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