Last weekend, in my Market Forecast, I wrote, "For the new week, the market may need a bit of consolidation. Both SPX and Nasdaq are showing bullish crossovers in their respective MACDs. VIX closed below 22, a level which had been a solid support since May. Wednesday has some economic data that may help to [...]
Category Archives: BP
Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, OIH, INX2, RIG, DO, NOV, APC, BP, AMZN, PCLN, AAPL, GOOG, HPQ, MFE, ARST, FCX, APA, OXY, HES
September 12, 2010 – 7:00 pm
Weekly Wrap 8/6/10: GOOG, GS, CLF, LVS, FSLR, POT, BP
August 7, 2010 – 3:56 pm
The market managed another winning week, through some mixed economic data. Friday’s unemployment report was disappointing, and yet, somehow, the market made it through with a minor slip. We traded this week beautifully and ended with 100% of our trades in the GR$$N. We locked in profits on Monday and Wednesday; stayed light on Thursday, [...]
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 [...]
July 2010 Monthly Wrap: POT, GS, GOOG, BP, RIMM
July 31, 2010 – 2:23 pm
It’s been a very choppy month. Although the market recorded a gain for the month, it went through big swings to get there. Nevertheless, we came away with some pretty good trades: July 29, 2010 12:54 | HappyTrading GS ($153.00) Sold to Close 08C150 Aug 150 calls, at $5.70 +36% 12:40 | HappyTrading GS ($152.60) [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XME, XLF, PBW, SOXX, SMH, INTC, QCOM, BRCM, AMGN, CNX, CME, FSLR, MOT, NOV, POT, AKAM, AEM, V, CLF, GLW, WLP, BP, SOHU
July 25, 2010 – 7:35 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, a whole lot more earnings reports are coming in… The market is barely being supported by its daily MAs. A quick dip could send it to test SPX 1040 again. It’ll be up to the earnings again. Monday and Tuesday could induce big [...]
7/16/10 Weekly Wrap: BP, GOOG, ISRG
July 18, 2010 – 2:54 pm
It was another range-bound and, yet, volatile week. We didn’t publish a whole lot of trades, but, traded actively in the Trading Room. Two, in particular, gave us really nice returns. One is GOOG from early in the week, with gains as high as +189%. The other is ISRG with a +233% profit. (see ISRG [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM
July 11, 2010 – 8:47 pm
Last weekend, in my Market Forecast, I said: "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks. The above mentioned levels should be the first resistances. We could see some volatile trading to start the week. If the market cannot break SPX 1040, [...]
Market Pushes Higher: SPX, Nasdaq, POT, CF, MOS, RIG, DO, APC, HAL, BP, GOOG, AMZN, PCLN
July 8, 2010 – 2:19 pm
Yesterday, I mentioned that "we should see resistance between SPX 1070 and 1080." This morning, the market tested SPX 1070 and started to pullback a bit. But, in the last hour, the market pushed higher again, closing above SPX 1070. Agriculture stocks were strong: POT +4.02%, CF +5.12%, MOS +4.63%. Oil services continued to run [...]
Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE
July 1, 2010 – 4:57 pm
On Tuesday, in my evening article, I said, "There is some resistance at 36 for VIX. We may see shorts start to cover some positions before Friday’s unemployment report. Profit-taking happens on the downside, too! There’s a lot of focus on the SPX 1040. If that does not hold, the next soft support is SPX [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, XLF, GLD, USO, XME, OIH, XLF, GS, CME, ICE, BP, GOLD, NEM, ABX
June 27, 2010 – 9:10 pm
Last weekend, in my Market Forecast, I said: "For the new week, the market looks to be on its way to break higher. The daily upper BBs have opened up; the 10-day MAs are crossing above the 20-day MAs. In addition, the 30-day MAs are trying to turn up. These are all bullish signals. This weekend, China [...]
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