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Category Archives: APA

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK

September 19, 2010 – 7:05 pm

The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB.  Once there, the market should be able to sail higher.  The immediate resistances are still SPX 1200 and Nasdaq 2300.  [...]

By HappyTrading | Also posted in ABX, APC, BLK, GLD, GS, HES, MA, NEM, NOV, XLE, XLF, XME, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, OIH, INX2, RIG, DO, NOV, APC, BP, AMZN, PCLN, AAPL, GOOG, HPQ, MFE, ARST, FCX, APA, OXY, HES

September 12, 2010 – 7:00 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, the market may need a bit of consolidation.  Both SPX and Nasdaq are showing bullish crossovers in their respective MACDs.  VIX closed below 22, a level which had been a solid support since May.  Wednesday has some economic data that may help to [...]

By HappyTrading | Also posted in AAPL, AMZN, APC, ARST, BP, DO, FCX, GOOG, HES, HPQ, INX2, MFE, NOV, OIH, OXY, PCLN, RIG, XLE, XME | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM

July 11, 2010 – 8:47 pm

Last weekend, in my Market Forecast, 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 should be the first resistances.  We could see some volatile trading to start the week.  If the market cannot break SPX 1040, [...]

By HappyTrading | Also posted in APC, BP, CF, FSLR, GLD, HAL, MOO, MOS, NEM, PBW, POT, RIG, STP, TSL, XLE, YGE | Comments (0)

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 [...]

By HappyTrading | Also posted in AAPL, AMZN, BTU, CLF, EOG, GOOG, IOC, RIMM, WLT, X | Comments (0)

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.  [...]

By HappyTrading | Also posted in AAPL, BP, CME, DO, ICE, MA, ORCL, RIG, RIMM, V | Comments (0)

Home Sales Sour Market Mood! SPX, Nasdaq, V, MA, APA, UNP, EOG, V, MA, RIG, CMG, NFLX, DECK

June 22, 2010 – 4:49 pm

Since Monday morning’s surge, on China loosening yuan’s peg to the US dollar, the market had been on the defensive.  This morning’s home sales data, which fell unexpectedly, further gave the market reasons to take some profits off the table.  After all, the market has been rallying up 2 weeks straight without taking much of a [...]

By HappyTrading | Also posted in CMG, DECK, EOG, MA, NFLX, RIG, UNP, V | Comments (0)

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 [...]

By HappyTrading | Also posted in AAPL, AMZN, APC, BA, BBY, BHP, BP, BUCY, CLF, DO, GOOG, JOYG, MA, PCP, RIG, RIMM, V, WLT | Comments (0)

Market Bounces Back After Testing Support: SPX, Nasdaq, APA, DVN, OXY, EOG, IOC, CLF, BTU, FCX, BHP, GLD, BP, RIG, DO

June 8, 2010 – 7:18 pm

As discussed in my Market Forecast this weekend, I was looking for more selling pressure to test SPX 1040.  The market was weak in the morning and sank as low as SPX 1042.17.  Techs were especially weak today.  However, the miners drew some buyers back in and stayed strong most of the day:  CLF +4.42%, [...]

By HappyTrading | Also posted in BHP, BP, BTU, CLF, DO, DVN, EOG, FCX, GLD, IOC, OXY, RIG | Comments (0)

A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM

June 2, 2010 – 4:46 pm

This morning, the latest home sales data came in better than expected.  Stocks saw strength right from the start.  Energy stocks bounced:  SLB +8.81%, HAL +11.96%, APA +4.24%, UPL +10.34%, EOG +6.86%.  Coal stocks also attracted buyers back in:  WLT +6.13%, CLF +5.95%, PCX +8.95%, BTU +7.65%.  The exchanges were very strong as well.  Both [...]

By HappyTrading | Also posted in AKAM, BP, BTU, CLF, CME, CREE, EOG, FFIV, HAL, ICE, PCX, RIG, SLB, SNDK, UPL, WLT | 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, ACI, AMGN, APC, APOL, BHI, BP, BTU, CLF, CNX, DO, RIG, SLB, WLT | Comments (0)