The market was strong out of the gate this morning on the latest economic reports, including better-than-expected industrial production and housing data. WMT reported solid earnings and raised its full-year guidance. WMT shares traded up +1.21%. HD barely beat the estimates with its earnings, but, its shares went up +3.4%. In addition, BHP initiated a [...]
Category Archives: BHP
Market Bounces on Latest Economic Data and M&A Activity: SPX, Nasdaq, POT, BHP, CF, MOS, AGU, AMZN, WYNN, WLT, CLF, X, FCX
August 17, 2010 – 5:09 pm
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 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, XME, INX2, MOO, POT, CF, AGU, MOS, MELI, AOL, CLF, WLT, BHP, FCX
August 1, 2010 – 7:40 pm
Last weekend, in my Market Forecast, I said, "VIX has sank back below 24, which could signal the intention to rally. We’ll have to see if the market can continue to push higher and stay above SPX 1100. If SPX 1100 is cleared, SPX should retest the 1120 level. Miners went up quite a bit [...]
Happy 4th of July! JOYG, OIH, GLD, BHP, GOOG, EOG, V, AMZN, CMG
July 4, 2010 – 7:59 am
Happy 4th of July! A quick note: My Monthly Wrap reports normally only include the closed trades for the month, because it makes things easier to read. As always, the Trade Records page (you might want to make a bookmark for this page) contains detailed records of both the opening and closing trades. Here’s the version of only [...]
June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP
July 3, 2010 – 2:36 pm
This year is going by so fast! Already, we are into the 3rd quarter! June was a very volatile month. We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month! We traded accordingly and played both sides. We still came away with some pretty [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, GLD, USO, XME, OIH, SLB, DO, RIG, GOLD, NEM, PAAS, CLF, WLT, BTU, BHP
June 20, 2010 – 8:18 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, things may be a bit tricky. First of all, it’s options expiration week, so some "maneuvers" are to be expected. The market is definitely trying to draw a bottom. But, after charging higher 2 days in a row, we may see some indecisiveness [...]
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 [...]
Weekly Wrap 6/11/10: BHP, GLD, CLF
June 12, 2010 – 2:49 pm
It was another very volatile week; no surprise there! However, the way that the market closed the week was surprisingly strong! We were positioned properly to take advantage of the market’s strength because the charts indicated that the weakness on Wednesday may have been a shakeout. We navigated through some pretty tough waters earlier [...]
Market Jumps On Better Economic Data! SPX, Nasdaq, BHP, CLF, GS, BP, APC, NOV, NBL, DO, RIG, CF, POT, AGU, MON
June 10, 2010 – 7:34 pm
This morning, the latest jobless claims fell by the largest amount in almost a year. In addition, China reported solid export numbers. The market opened strongly and closed even higher. On Tuesday, in my article, I gave some trading ideas. Basically, I said that if the market is strong, the buying will be in the energy [...]
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