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Category Archives: ATI

Market Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X

As further economic data showed slowing in the global economy, the US stock market took a sharp fall today.  Miners led the market lower:  WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%.  Market leaders such as GS and AAPL also took big falls.  GS dropped 3.02%, closing below $150.  AAPL lost 3.55%, [...]

Earnings Painting A Prettier Picture? SPX, Nasdaq, ATI, RTI, RIMM, ORCL, NKE

The market was in a nervous mood this morning, as jobless claims unexpectedly rose.  In addition, the dollar surged and was pressuring stocks.  Two days ago, we cashed out our gains and went to mostly cash.  Yesterday, in our Trading Room, I cautioned our members after the Fed’s statement was released to not to be too [...]

Market Dives To Open The Week! SPX, Nasdaq, APA, DVN, HES, RTP, X, FCX, ATI, BIDU, GOOG, RIMM

Right at the open, the market was hit with disappointing news from the World Bank that the global economy may be weaker than it had previously predicted.  Within the first 1/2 hour, the Dow stumbled more than 100 points!  Commodity sectors continued to slump.  Energy and miner stocks were very weak:  APA -5.76%, DVN -5.58%, HES [...]

Market Forcast + Sector Watch: SPX, Nasdaq, XLF, XLE, BTK, XME

Last weekend, in my Market Forecast, I wrote: "If the indices close below the 10-day MAs, it could draw more profit-taking.  As mentioned before, VIX is trying hard to keep the support at 28.  But, it is still below 30; so, there is still not a lot of selling pressure, at least not yet!  There [...]

Energy Sectors Push S&P 500 To A New 6-Month High!

On Tuesday, in my evening article, I said, "If VIX breaks down below 28, I think we’ll see SPX above 950.  [...]  USO (oil) still seems strong, as the dollar looks weak again.  Energy sectors could help the market push higher." Today, VIX broke down all the way to below 27.  SPX jumped to a [...]

Techs & Miners Hold The Market Up: SPX, Nasdaq, X, FCX, ATI, CCJ, TXN, BRCM, SNDK, MRVL, BLK

This weekend, in my Market Forecast, I mentioned that "[t]he market might start out the week slowly" and "e could see some more profit-taking in the techs and the miners".  Yesterday, we saw profit-taking in techs and miners, and, the market ended flat.  Today, techs and miners came back up, and, the market still ended [...]

Market Jumps Above Recent Trading Range: SPX, Nasdaq, BIDU, AMZN, DO, ISRG, BNI, X, FCX, ATI

The market continued where it left off last Friday and continued higher today!  Right out of the gate, better-than-expected economic data, including manufacturing, consumer spending and construction spending, encouraged investors to work more sidelined money back into the stock market.  Techs were especially strong, led by the semicondutors (mentioned last night in my Sector Watch).  [...]

Market Loses Gains To Close Lower! SPX, Nasdaq, POT, MOS, MON, CF, CNX, MEE, BTU, RTP, X, CLF, ATI, GS

from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market was mixed for most of the day.  Techs saw some bounces and kept the market indices on the green side.  On the other hand, commodity-related sectors were weak.  Just yesterday, things were the other way around!  The market got weak after lunch, bounced [...]

A Broad Market Rally! SPX, Nasdaq, RIG, DO, NOV, CLF, X, RTP, ATI, FCX, PCU, PKX, ACH

Yesterday, in my evening post, I said, “The market does still show bullish formations in the major indices. We’ll have to see how VIX deals with the $18 mark (now, a resistance). If VIX gets pushed back down toward $16, we could still see the market forming a new leg up.” This morning, VIX tried [...]

Review 11/14/07: SPX, Nasdaq, AMAT, SINA, CLWR, ATI

Yesterday, I talked about how both SPX and Nasdaq have their daily MAs in a “bearish” formation, and that it is still prudent to be cautious, even though we had a very strong bounce. Today, the market opened high and slowly went lower, and lower. The Dow closed down 76.08 points; SPX gave up 10.47 [...]