As expected, the market was volatile and saw some buying after yesterday’s sharp selloff. Also as expected, the Fed kept interest rates unchanged, at historic lows. We locked in some more profits today and also cut the loss on POT ahead of its earnings tomorrow morning: April 28, 2010 11:23 | HappyTrading POT ($109.20) Sold [...]
Category Archives: BIDU
Market Keeps Gains On Fed: SPX, Nasdaq, FAS, NFLX, POT, CLF, WLT, FSLR, BIDU, GMCR, AKAM, PALM, HPQ, ABX
April 28, 2010 – 4:35 pm
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 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, XLE, FXI, APA, HES, UPL, CEO, PTR, SNP, LFC, FMCN, BIDU
March 28, 2010 – 7:38 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the passage of the historic health bill may inspire more profit-taking, as now, there are more uncertainties. Besides what affect the new health legislation will have on the health care and insurance industry, some analysts are also paying more attention to the on-going discussions on financial [...]
Rising Dollar Pressures Commodities: SPX, Nasdaq, CLF, WLT, ANR, MEE, BIDU, GOOG, AAPL, WYNN
March 24, 2010 – 8:19 pm
As expected, the market saw profit-taking today. Commodities were pressured as the dollar jumped. Euro sank lower as European leaders tried to find a solution to Greek credit crisis. Gold sank below $1090/ounce and oil slipped below $81/barrel. Bucking the trend, coal stocks stayed strong: CLF +2.93% (new 52-week high), WLT +1.13% (new 52-week high), [...]
Market Ends Higher On Reversal: SPX, Nasdaq, GOOG, BIDU, VPHM, INCY, AMAG, FRX, DNDN, TEVA, LVS, WYNN, WMS, MGM
March 22, 2010 – 8:38 pm
The market opened lower today, but, the weakness lasted no more than 15 minutes. Buyers came in and picked up stocks on the dip. Oil gapped lower at the open and most commodity sectors opened in the red. However, crude ended the day in the green, above $80/barrel! Biotechs continued to plow higher as BTK [...]
Market Takes Time To Breathe: SPX, Nasdaq, GS, MA, V, AIG, C, FNM, FRE, AAPL, BIDU, ITMN, FACT, CSCO
March 9, 2010 – 5:34 pm
This weekend, in my Market Forecast, I said, "…the market has gone quite far, so it may need a breather through the mid-week." This is what the market is doing right now, basically trading sideways. Still, there are pockets of new breakouts. Financials continued to be strong with GS briefly topping over $172 per share, [...]
Market Makes Gains On Merger Deals: AIG, MIL, OSIP, INCY, MDVN, BIIB, ONXX, BMRN, HGSI, NFLX, BIDU, ISRG, PCLN, GLD, GOLD, AMZN
March 1, 2010 – 9:26 pm
The market was very strong today, inspired by a few merger/acquisition deals. This weekend, news reported that AIG was making a deal to sell its Asia-based life insurer AIA Group. AIG was up +4.08% today. This afternoon, it was confirmed that the British insurer Prudential PLC will acquire AIG’s Asian unit for $35 billion. In [...]
Stocks Take SP500 Above 1100: SPX, Nasdaq, CLF, PCLN, BIDU, FSLR, WMT, DELL
February 18, 2010 – 9:13 pm
The market pushed higher in bumpy trading as February options came to 1 day before their expiration. In my article on Tuesday, I said, "I think we should see some profit-taking tomorrow, especially if SPX goes up to test 1100. If SPX does hit 1100 tomorrow, we would look to lock in more profits on [...]
Market Bounces On Possible Greece Rescue: SPX, Nasdaq, CAT, BUCY, JOYG, AGU, POT, CF, UAUA, DAL, JBLU, LCC, BIDU, NTGR, GS
February 9, 2010 – 8:20 pm
This morning, the market was encouraged by a possible rescue plan for Greece’s debt crisis. In addition, CAT received an upgrade from Morgan Stanley. Commodity sectors jumped and pushed the Dow back above the 10,000 mark. CAT finished the day up +5.42%. Both BUCY and JOYG also benefitted, gaining +4.48% and +2.74%, respectively. AGU reported [...]
Market Awaits Latest Jobs Data: SPX, Nasdaq, BIDU, GOOG, RIMM, AAPL, CSCO, V, MA, BRCM
February 3, 2010 – 9:25 pm
Yesterday, in my evening article, I said, "After 2 days of bouncing, the market may need a bit of rest tomorrow before some important earnings reports…" Indeed, we saw some profit-taking today. Commodity sectors were mostly weak. BIDU jumped another $23.6, or +5.54% to close just a tad under $450, as Goldman Sachs raised its [...]
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