The market had a strong showing in September. We also had a good month with only a few trades in the red. Trades in AIG, GOOG, GS, RIG, and FSLR produced some big profits. This past week was a bit difficult to trade, as the market had a hard time pushing higher and was stuck [...]
Category Archives: AIG
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." [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, OIH, XLF, INX2, GS, AIG, RIG, BP, GOOG, AMZN, PCLN, NFLX, CME, ICE
May 9, 2010 – 8:10 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, how the market does on Monday will be very important. On Sunday, Euro partners agreed to a $145 billion bailout plan for Greece. We’ll have to see how the market reacts to that piece of news. But, there are potentially more negative news [...]
April 2010 Monthly Wrap: Running For Gold! WYNN, FFIV, CREE, GS, AIG, GLD, NFLX, GOLD
May 1, 2010 – 7:47 pm
The market ended the month of April with a volitile week. Between financial reform issues and the investigation on Goldman Sachs, in addition to debt problems in Europe, not even solid earnings and better jobs numbers could keep the market up. Nevertheless, we finished this week with solid gains. As I have been saying, "gold plays may be [...]
AAPL Delivers Blowout Earnings! SPX, Nasdaq, GS, C, AIG, RIG, DO, SLB, NOV, AAPL, ALTR, BRCM, JNPR
April 20, 2010 – 3:50 pm
The market was very strong today, led by the energy stocks. Oil bounced today and oil services stocks beckoned inverstors back in. RIG added +4.24%, with an additional news of a successful trading debut on the Swiss Exchange. SLB was up +4%; DO bounced +3.88%; and, NOV rose +3.53%. It does look like this sector [...]
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 Takes Time To Breathe: SPX, Nasdaq, GS, MA, V, AIG, C, FNM, FRE, AAPL, BIDU, ITMN, FACT, CSCO
March 9, 2010 – 5:34 pm
This weekend, in my Market Forecast, I said, "…the market has gone quite far, so it may need a breather through the mid-week." This is what the market is doing right now, basically trading sideways. Still, there are pockets of new breakouts. Financials continued to be strong with GS briefly topping over $172 per share, [...]
Market Makes Gains On Merger Deals: AIG, MIL, OSIP, INCY, MDVN, BIIB, ONXX, BMRN, HGSI, NFLX, BIDU, ISRG, PCLN, GLD, GOLD, AMZN
March 1, 2010 – 9:26 pm
The market was very strong today, inspired by a few merger/acquisition deals. This weekend, news reported that AIG was making a deal to sell its Asia-based life insurer AIA Group. AIG was up +4.08% today. This afternoon, it was confirmed that the British insurer Prudential PLC will acquire AIG’s Asian unit for $35 billion. In [...]
Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, BTK, AIG, AET, UNH, SLXP, NUVA, CELG, AMGN, OSIP, GENZ, PRU
February 28, 2010 – 8:40 pm
Last weekend, in my Market Forecast, I said, "For the new week, as mentioned last weekend, SPX 1120 will be the nearest resistance. The market has rallied quite far. Unless, there are really positive news to help push the market higher, SPX 1130 could be a tough resistance beyond the 1120. So, if SPX 1130 cannot [...]
Market Unstable Ahead Of Busy Wednesday: SPX, Nasdaq, AIG, X, GS, FSLR, SPWRA, AMSC, TSL, AAPL, YHOO, GILD, SANM, SHW
January 26, 2010 – 8:52 pm
In the past 2 days, the market has been really unstable, trading in a tight range, but, basically unchanged since last Friday’s close. Tomorrow, lots of things are happening. Treasure Secretary Timonthy Geithner will be questioned by the Congress on AIG’s bail out. AIG stock has been falling continuously for the past 4 days, including [...]
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