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Category Archives: BAC

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." [...]

By HappyTrading | Also posted in ACI, AGU, AIG, ANR, BTU, CF, GLD, GS, JPM, MEE, MOO, MOS, POT, WFC, WLT, XLE, XLF, XME | Comments (0)

Goldman Pulls Market Down! BAC, GS, FAS, BIDU, ISRG, CREE, FFIV

April 16, 2010 – 3:39 pm

It was a crazy day today.  As discussed last night in my article, we were expecting a pullback from the market.  BAC reported better-than-expected earnings, but, it was an "non-event".  At around 10:30am ET, GS was charged by SEC with fraud.  But, even before that announcement, the market was on the weak side.  In the [...]

By HappyTrading | Also posted in BIDU, CREE, FAS, FFIV, GS, ISRG | Comments (0)

Market Ready For A PullBack? INTC, GOOG, ISRG, AMD, BAC

April 15, 2010 – 7:51 pm

Since bouncing off from January’s pullback, this rally has run for more than 2 months straight, from early February until now.  Even as commodity sectors saw profit-taking, the broader market managed to close in the green today.  Techs stayed strong with INTC adding another +2.98%.  Financials also saw gainers here and there.  Perhaps investors were [...]

By HappyTrading | Also posted in AMD, GOOG, INTC, ISRG | Comments (0)

Financials Jump On JPM Earnings! SPX, Nasdaq, JPM, GS, BAC, WFC, INTC, FFIV, MRVL, SNDK, IBM

April 14, 2010 – 4:24 pm

Stocks jumped higher today led by the financials.  This morning, JPM reported strong earnings, easily beat the analysts’ estimates, making 74 cents per share vs. a consensus of 64 cents per share.  Financials rallied immediately at open:  JPM +4.05%, GS +3.16%, BAC +3.91%, WFC +3.51%.  FAS (3x Financial Bull ETF) soard +7.57%, adding $8.3.  FAS [...]

By HappyTrading | Also posted in FFIV, GS, IBM, INTC, MRVL, SNDK, WFC | Comments (1)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, USO, XLF, GOLD, AEM, NEM, ABX, PAAS, GS, MS, JPM, BAC, WFC

April 11, 2010 – 7:03 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we should see strength in the market early in the week.  Friday’s jobs report actually paints a very good scenario for the stock market.  While jobs were added, the unemployment rate was left unchanged.  This should help to keep a lid on the [...]

By HappyTrading | Also posted in ABX, AEM, GS, JPM, MS, NEM, PAAS, WFC, gold | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, USO, XME, MEE, BTU, WLT, CNX, ACI, PCX, AKS, GS, BAC

March 7, 2010 – 9:37 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market certainly has room to rise.  But, it’ll have to break above SPX 1120 to go higher.  The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes.  (What they really should [...]

By HappyTrading | Also posted in ACI, BTU, CNX, GLD, GS, MEE, PCX, USO, WLT, XLF, XME | Comments (0)

Market Bounces After Fed Keeps Rates Unchanged: SPX, Nasdaq, AAPL, GS, PRU, WFC, PNC, BAC, NFLX, QCOM, AMZN, MSFT

January 27, 2010 – 7:53 pm

The market was volatile today, as expected.  In the morning, while Geithner and Paulson were getting questioned by the Congress, the market remained weak.  After AAPL’s media event got started, things became a little better.  AAPL did indeed reveal its new tablet, the "iPad".  The initial reaction was not so good, as AAPL sold off [...]

By HappyTrading | Also posted in AAPL, AMZN, GS, MSFT, NFLX, PNC, PRU, QCOM, WFC | Comments (0)

Market At Highest Close In 15 Months! SPX, Nasdaq, IBM, CREE, RMBS, AAPL, APA, WLT, HES, BAC, WFC, BK, STT

January 19, 2010 – 9:09 pm

After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts.  Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum.  Other sectors followed higher.  Energy stocks turned green.  Miners were also strong.  Tonight, Brown secured a victory.  Health care stocks may get a pop [...]

By HappyTrading | Also posted in AAPL, APA, BK, CREE, HES, IBM, RMBS, STT, WFC, WLT | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XLF, BTK

January 10, 2010 – 10:59 pm

Last weekend, in my Market Forecast, I wrote, "For the new week, we are seeing mixed signals on the market again, which means the market needs more time to consolidate.  With the MACD turning lower, we could see another couple of days of profit-taking in various sectors.  It will be important for SPX to hold [...]

By HappyTrading | Also posted in AA, ABX, BIIB, BTK, CELG, DO, GLD, GS, INTC, JPM, RIG, SLB, TEVA, USO, WFC, XLF, gold | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, USO, OIH, GLD, XLF

January 3, 2010 – 11:34 pm

Last weekend, in my Market Forecast, I said, "For the new week, the market still looks strong, but, may need a quick breather early in the week.  If the market can keep its altitude while taking a breather, it could easily end higher by the end of the week.  On the other hand, if the [...]

By HappyTrading | Also posted in CME, DO, GLD, GS, ICE, JPM, MA, NOV, OIH, RIG, SLB, USO, V, WFC, XLF | Comments (0)