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Category Archives: BLK

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK

September 19, 2010 – 7:05 pm

The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB.  Once there, the market should be able to sail higher.  The immediate resistances are still SPX 1200 and Nasdaq 2300.  [...]

By HappyTrading | Also posted in ABX, APA, APC, GLD, GS, HES, MA, NEM, NOV, XLE, XLF, XME, gold | Comments (0)

Market Marches On! SPX, Nasdaq, WLT, MEE, ANR, PCX, HIG, BLK, PNC, STI, STT, APA, APC, OXY, HES

March 17, 2010 – 4:42 pm

The market continued to push higher today, ramping up to new 2010 highs!  Financials were strong today.  FAS (financial bull 3x ETF) hit an intraday high of $96.84.  In early February, FAS touched an intraday low of $60.  That’s a +61% rise from the February low in just a little over one month!!  BLK got [...]

By HappyTrading | Also posted in ANR, APA, APC, HES, HIG, MEE, Market Marches On! SPX, Nasdaq, OXY, PCX, PNC, STI, STT, WLT | Comments (0)

Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLF, XLE, MA, V, ICE, CME, STT, PNC, BLK

December 27, 2009 – 9:27 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, we’ll pay attention to the GDP and retail reports on Tuesday.  Nasdaq looks really strong.  Its daily upper BB has opened up.  Normally, I’d say that Nasdaq is setting up for a breakout.  But, with this "undecided" market environment, we’ll have to wait [...]

By HappyTrading | Also posted in APA, CME, DO, DVN, GLD, HES, ICE, MA, NOV, OXY, PNC, RIG, SLB, STT, UPL, UUP, V, XLE, XLF, XLT | Comments (0)

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

November 15, 2009 – 9:43 pm

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 [...]

By HappyTrading | Also posted in ABX, AEM, APA, AXP, BAC, CVX, GDX, GLD, GS, JPM, MA, OXY, PNC, RGLD, SLB, V, WFC, XLE, XLF, XOM, gold | Comments (0)

Monthly Wrap, Oct 09

October 30, 2009 – 12:24 pm

Wow, what a crazy day, crazy week, and a crazy month!!  VIX is back above 30!  The turn around to the downside today was so quick, we had to close most plays on the long side and traded quickly on the downside.  We were enjoying another fantasic month until this week.  Gave back some gains [...]

By HappyTrading | Also posted in AEM, AIG, BIDU, GOOG, GS | Comments (0)

Earnings Fail To Excite Market! SPX, Nasdaq, AAPL, TXN, BLK, BTU, YHOO SNDK, CREE, ISRG

October 20, 2009 – 5:20 pm

Although both AAPL and TXN reported solid earnings yesterday, they were not enough to draw more buyers in, just yet.  The market took a breather as the dollar managed a bounce, which resulted in weakness in the commodity sectors.  AAPL closed below the $200 level, up just +4.69% from yesterday’s close.  TXN barely kept in [...]

By HappyTrading | Also posted in AAPL, BTU, CREE, ISRG, TXN, YHOO SNDK | Comments (0)

Weekly Wrap + Market Forecast + Sector Watch (Part II): SPX, Nasdaq, GLD, USO, XME, XLF, BLK, ISRG, FSLR, AAPL

October 4, 2009 – 8:27 pm

Last weekend, in my Market Forecast, I wrote: "For the new week, the market seems to be in a consolidation phase.  Both SPX and Nasdaq are displaying a new "bearish" crossover in the MACD.  VIX could test 27 from here.  The 20-day MA will be the initial support for the market indices.  If the 20-day [...]

By HappyTrading | Also posted in AAPL, FSLR, GLD, ISRG, USO, XLF, XME | Comments (0)

M&A Deals Boost Stocks: SPX, Nasdaq, XRX, ACS, ABT, GS, HIG, AXP, PRU, BLK, CME, ICE

September 28, 2009 – 8:12 pm

This morning, the market opened higher, encouraged by M&A deals.  Xerox (XRX) announced a $6.5 billion deal to buy ACS.  XRX shares dropped 14.48% while ACS jumped +14.%.  Abbott Laboratories (ABT) said it would pay $6.6 billion for the pharmaceutical business of Belgian chemicals maker Solvay.  ABT shares traded higher by +2.64%. The financials responded [...]

By HappyTrading | Also posted in ABT, ACS, AXP, CME, GS, HIG, ICE, PRU, XRX | Comments (0)

Choppy Trading On “Fed Day”: SPX, Nasdaq, BLK, GS, WFC, JPM, BAC, RIMM

September 23, 2009 – 5:26 pm

As expected, the Fed left the interest rates unchanged.  The market stayed strong most of the day, with a push to its day high immediately after the fed announcements.  But, the rally soon faded and the market sold off into the close. This morning, BLK received an upgrade to "Buy" with a $230 price target.  [...]

By HappyTrading | Also posted in BAC, GS, JPM, RIMM, WFC | Comments (0)

Market Adds To Gains! SPX, Nasdaq, FSLR, MA, BLK, COF, WFC, GS, JNPR, TXN

September 9, 2009 – 4:56 pm

The market saw profit-taking today in the commodity sectors.  Gold traded above $1000 in the morning, but, closed below $995/ounce.  Oil prices were flat.  With 1/2 hour before the close yesterday, I said in our Trading Room: September 8, 2009 12:33 PM market feels like it wants to go higher, but, intraday charts are toppy, so, [...]

By HappyTrading | Also posted in COF, FSLR, GS, JNPR, MA, TXN, WFC | Comments (0)