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Category Archives: AXP

Earnings Galore! CAT, UPS, FCX, CLF, WLT, AMZN, SNDK, MSFT, CMG, MOS, AXP, KWK

The market has just been going through big swings this week!  This morning, both CAT and UPS reported strong earnings and buyers rushed back into the market.  CAT finished the day up +1.69% while UPS jumped +5.23%.  FDX outpaced UPS, rising +6.08% (it does look like both FDX and UPS can run much higher from [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP

Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside.  We can see that the daily MAs in both SPX and Nasdaq are curving down.  On Monday, we may see an attempt to bounce; others may call it a relief rally.  First resistances will be SPX 1130 [...]

It Was Prudent To Be Cautious! SPX, Nasdaq, GLD, FAS, NFLX, MA, V, AXP, COF, BWLD, CLF, WLT

We were on the cautious side last week as the market pushed higher.  In our Trading Room, I commented on Thursday last week: April 21, 2010 1:12 PM gold plays may be the best long plays right now… This weekend, in my Market Forecast, I said, "…if any unfavorable news come out of the financial [...]

Nasdaq Makes New Yearly High! AAPL, FFIV, SNDK, NFLX, CMG, ICE, CME, WYNN, LVS, COF, AXP, AMZN, MSFT

The market opened lower today.  The dollar jumped on more worries on Greece and the commodity sectors were weak.  However, jobless claims numbers fell and housing sales jumped.  The market soon staged a dramatic upswing.  Techs led the way.  AAPL reached a new all-time high at $266.75, passing MSFT as the second largest company on [...]

Financials Lead The Market On Pullback! SPX, Nasdaq, GS, CME, ICE, X, FCX, RTP, GOOG, FFIV, AXP, COF

The market opened slightly higher this morning.  But, within the first 30 minutes from the open, the market slid into the red.  Before the end of the first hour, the market started to drop sharply!  In the Trading Room, I warned our members promptly: January 21, 2010 7:26 AM VIX green, be careful… January 21, 2010 [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, GS, GOOG, AXP, C, IBM, CSX, UNP

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 [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, INX2

Last weekend, in my Market Forecast, I wrote: "For the new week, the market will start with a more bullish stance.  The daily MAs on both SPX and Nasdaq have turned higher.  Nasdaq is already seeing the hint of a new bullish crossover in the MACD.  VIX managed to close just above 21; but, breaking [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, GDX, XLF, XLE

Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position.  If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher.  The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150.  Although VIX closed below [...]

The Dow Hits New 2009 High! SPX, Nasdaq, AXP, MA, V, COF, WYNN, LVS, WMS, MGM, PCLN, HMIN

Investors cheered the reassurance from the G-20 to keep economic stimulus measures in place.  The market opened strongly today and continued to go higher until the close.  Most sectors participated in the rally.  Gold recorded new record highs, trading above $1100/ounce.  Oil also went up, trading above $79/barrel.  We locked in some more profits today, including [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, SOXX, GLD

Last weekend, in my Market Forecast, I said, "For the new week, it looks like the market is trying to send the Fed a message before the FOMC meeting on Wednesday.  What the market is trying to show is the potential "double-dip" if the Fed pulls out liquidity measures too soon.  On Friday, the market will get the latest unemployment rate [...]