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Category Archives: BIDU

Can We Move Higher While Overbought?

cs_setInnerHtml(‘video_3a84e5d4-3744-4385-aa81-89760a dee63e’,”);   Breakout or Fantasy? One thing that is NOT fantasy is the results we’ve been racking up, ringin’ the register HARD day after day!  If you’re not getting the trade alerts directly from me you’re gonna kick yourself. Just click here to sign up and pay for everything (and more) with a few [...]

Hammer Time! Markets Deflect Poor Jobs Report

What a relief!  After that awful jobs report it certainly seemed as if the rally started Monday was going to fizzle out, and maybe break some support levels.  Well, the dip buyers had other things in mind.  Volume was big early in the session, of course many bailing out on stocks as the BLS released [...]

Market Dips As Bernanke Speaks: SPX, Nasdaq, MS, WFC, FCX, AAPL, EBAY, FFIV, QCOM, BIDU, NFLX, ISRG, SBUX, CMG, NUE

The market started off strongly on strong earnings from MS, WFC, and FCX.  MS ended the day up +6.26% at $26.8; it traded as high as $27.89.  WFC closed only slightly higher, but, did trade up to $27.6.  FCX traded above $68 before closing at $66.06, up +2.71%. However, as Bernanke started to give his [...]

Big Upswing Brings Nasdaq Green For 2010! SPX, Nasdaq, SNDK, BRCM, FFIV, GOOG, BIDU, AMZN, RIMM, AAPL, CLF, WLT, BTU, ACI, APOL, ESI, TLT

The market jumped out of the gate today on China’s show of confidence in European debt even though the lastest jobs report may not have been inspiring.  Investors rushed back in to pick up tech stocks, sending Nasdaq roaring up +81.8 points and into the green for 2010.  GOOG added $15 to close above $490.  [...]

Dow Closes Below 10,000! SPX, Nasdaq, GOOG, BIDU, AMZN, AAPL, GS, X, SHLD, APOL, ESI

It was another volatile day on the market, to say the least.  The market seemed fairly strong in the morning, with SPX testing the 1090 level.  Tech leaders GOOG, BIDU, AMZN, and AAPL were all in the green.  GOOG was up almost $13 at one point, and AAPL went above $252 intraday!  But, once again [...]

Market Stalls After 3-Day Rally: SPX, Nasdaq, NFLX, BIDU, BG, POT, CF, MOS, KSS, SHLD, JWN

The market certain had an impressive 3-day rally.  Since Monday’s big jump (Dow +405 points) on Europe’s rescue package, the market continued to push higher.  We saw many of the recent market leaders make new highs.  For example, NFLX traded as high as $119.5 on rumors of being a buyout target for AMZN.  Just last [...]

Gold Soars To New High! SPX, Nasdaq, GOLD, NEM, ABX, GG, RGLD, BIDU, AAPL, DIS, ERTS, CTRP

Gold jumped out of the gate today and did not look back, closing above $1230/ounce.  In the morning, in our Trading Room, I commented: May 11, 2010 7:14 AM  gold plays breaking out! May 11, 2010 8:11 AM GOLD could see $90+!! We did get in on GOLD May 85 calls and cashed out for [...]

Markets Jump On Europe’s $1 Trillion Rescue! SPX, Nasdaq, BIDU, GOOG, AAPL, AMZN, SNDK, FFIV, PCLN

Global markets enjoyed a day of big bounces!  After last week’s global slump, markets jumped today encouraged by Europe $1 trillion rescue package.  For the US stock market, by the end of the first 30 minutes, most leader stocks were up by more than +5%!!  Techs were especially strong with Nasdaq gaining more than +109 [...]

Big Profits In A Wild Day! SPX, Nasdaq, GLD, NFLX, EOG, MA, GS, BIDU, PCLN, ISRG

What a wild day on the market!  The Dow dropped 700 points in a matter of 15 minutes before coming back 600 points from the day’s low to close.  Take a look at this chart: This is an intraday chart on the Dow for today.  At about 2:30pm ET, the Dow was at around 10630.  [...]

Markets Spooked By Europe! SPX, Nasdaq, GOOG, BIDU, AAPL, AMZN, WLT, CLF, ANR, BTU, MA, OSTK

In my Market Forecast this weekend, I said, "…upside moves could be limited…. If the 30-day MA is broken, SPX could easily come down to test 1170."  SPX indeed tested 1170 today and closed just above.  Yesterday, we saw the market bounced higher on better economic numbers.  Today, the market slumped much lower on renewed [...]