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. [...]
Category Archives: APC
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
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 [...]
Market Closes Above Key Resistance! SPX, Nasdaq, BP, APC, RIG, DO, CLF, WLT, FCX, BHP, POT, CF, AGU, MOS, HLF
August 2, 2010 – 4:54 pm
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 [...]
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, [...]
Market Pushes Higher: SPX, Nasdaq, POT, CF, MOS, RIG, DO, APC, HAL, BP, GOOG, AMZN, PCLN
July 8, 2010 – 2:19 pm
Yesterday, I mentioned that "we should see resistance between SPX 1070 and 1080." This morning, the market tested SPX 1070 and started to pullback a bit. But, in the last hour, the market pushed higher again, closing above SPX 1070. Agriculture stocks were strong: POT +4.02%, CF +5.12%, MOS +4.63%. Oil services continued to run [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, OIH, XLF, FSLR, TSL, YGE, GS, MA, V, DO, RIG, SLB, RIG, APC
July 5, 2010 – 9:42 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, this week is still range-bound with a bearish bias. The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again. However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s [...]
Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE
July 1, 2010 – 4:57 pm
On Tuesday, in my evening article, I said, "There is some resistance at 36 for VIX. We may see shorts start to cover some positions before Friday’s unemployment report. Profit-taking happens on the downside, too! There’s a lot of focus on the SPX 1040. If that does not hold, the next soft support is SPX [...]
Some Profit-Taking, As Expected: SPX, Nasdaq, AAPL, GOOG, FDX, AEM, NEM, GOLD, BP, RIG, APC
June 16, 2010 – 4:44 pm
Yesterday, in my article, I mentioned that we should see some profit-taking and more volatility. This morning, the latest economic data were mostly positive with solid industrial production and benign inflation numbers. Housing starts, however, dropped. The market was a little soft at the open, but, pushed higher in mid-day; only to lose most of [...]
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 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH, XLF, GLD, XME, OIH, GS, NEM, ABX, GOLD, CLF, BHP, BP, APC, RIG, AAPL
June 13, 2010 – 7:20 pm
Last weekend, in my Market Forecast, I said: "For the new week, with both SPX and DJI ending below major support levels (SPX 1080 and DJI 10,000), the market can see additional selling pressure. Energy sectors still look weak, with oil spill in the Gulf looking to extend into the fall, although the containment cap [...]
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