August 31, 2010 – 7:00 pm
The market was weak at the open, but, managed to bounce back. However, immediately after the Fed minutes were released, the market suffered a quick drop. It paddled back up in the last hour to closed flat, flat and mixed. Techs were on the weak side with semiconductors getting hammered; mining stocks, on the other […]
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 market […]
By HappyTrading
|
Also posted in POT, SMH, SOXX, AKAM, INTC, XLF, XME, SOHU, FSLR, NOV, AMGN, QCOM, CME, MOT, GLW, PBW, CLF, AEM, CNX, WLP, V, BP
|
Yesterday, the market eked out a small gain, ahead of IBM and TXN’s earnings. Then, both IBM and TXN disappointed investors with their quarterly reports. Today, the market open gapped down, but, started to bounce almost immediately. Both BTU and STLD delivered solid earnings and commodity sectors soon bounced strongly. Miners did especially well: CLF […]
By HappyTrading
|
Also posted in IBM, AAPL, FFIV, FCX, X, QCOM, VMW, SNDK, TXN, NFLX, SBUX, CLF, BTU, STLD, WFC, WLT, CRUS
|
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. […]
By HappyTrading
|
Also posted in GOOG, AAPL, RIMM, FFIV, BIDU, AMZN, SNDK, APOL, CLF, BTU, ACI, ESI, TLT, WLT
|
Last weekend, in my Market Forecast, I wrote:
"For the new week, the market is in a very vulnerable position. The bounce last week took to the market to test the 10-day MA. But, with a quick reversal, it closed under the 10-day MA again. Further, both SPX and Nasdaq are showing newly developed bearish formations […]
The market was very strong today, led by the energy stocks. Oil bounced today and oil services stocks beckoned inverstors back in. RIG added +4.24%, with an additional news of a successful trading debut on the Swiss Exchange. SLB was up +4%; DO bounced +3.88%; and, NOV rose +3.53%. It does look like this sector […]
The market overcame some "morning sickness" and ended the day higher. Techs were strong ahead of INTC’s earnings. GOOG jumped more than $14, or +2.45%. RIMM added more than +$2, trading back above $72. IBM, FFIV, and BRCM were also strong. REITs broke higher yet again! In our Trading Room, I alerted our members early:
April […]
By HappyTrading
|
Also posted in IBM, GOOG, RIMM, INTC, FFIV, ESI, DV, SPG, CBL, MAC, BPI, CECO
|
February 15, 2010 – 6:10 pm
This weekend is a triple holiday weekend! Happy Valentine’s Day, Happy Chinese New Year, and Happy President’s Day!
Hope you’ve had a wonderful weekend!
Last Sunday, in my Market Forecast, I wrote:
"For the new week, the market could stage a bounce and bounce off of SPX 1060. Whether or not the bounce is meaningful will depend […]
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 […]
February 2, 2010 – 9:42 pm
This morning, pending home sales numbers came in better than expected. In addition, DHI reported its first profittable quarter in 3 years! Housing stocks were very strong: DHI +10.92%, MDC +7.73%, TOL +3.59%, PHM +7.48%. Biotechs also had a good day with the BTK breaking above 1000, yet another all-time high: CELG +1.39%, GENZ +2.71%, […]
By HappyTrading
|
Also posted in GENZ, NETL, CELG, CTRP, CSCO, CEPH, OSIP, V, TOL, PHM, DHI, MDC, XNPT, SOLR, YUM
|
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
