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Category Archives: BTU

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, SOXX, GS, WLT, CLF, BTU, ACI, PCX, BRCM

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 [...]

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 [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLF, OIH, XME, GS, WLT, CLF, BTU, ANR, MEE, X, NUE, BP, NE, RIG, DO

Last Weekend, in my Market Forecast, I wrote: "For the new week, it certainly looks like the upwards momentum is still with the market.  Nevertheless, the market is getting toppier every week.  Besides more earnings to come, we also have a FOMC meeting on Wednesday and GDP report on Friday.  Most analysts agree that the [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLE, XME, ACI, PCX, ANR, BTU, WLT, CLF, APA, OXY, HES, UPL, DVN, BHI, SLB, NOV

Last weekend, in my Market Forecast, I said: "For the new week, things get a bit tricky.  While earnings are still expected to be strong, the anxiety over possible financial reforms can cast a shadow on the market, especially over the financial sector…  I think we’ll see some follow-through weakness on Monday.  In general, I’d [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLF, INX2, QCOM, AMGN, EBAY, FFIV, SNDK, MEE, EMC, FCX, BA, MCD, AAPL, IBM, BTU, AMZN, MSFT, MDC, PCX

Last weekend, in my Market Forecast, I wrote: "For the new week, the help that eurozone governments have committed to Greece should inspire the market to a strong start.  We could easily see SPX 1200 tested.  Nasdaq can rise to test 2480.  We’ll also see the beginning of the earnings season, with AA reporting after [...]

A Day To Take Profits: QCOM, BBY, AAPL, GOOG, AMZN, PCLN, CLF, WLT, BTU, ACI, MEE

This morning, the market rallied to a new 52-week high today, as jobless claims fell.  In addition, QCOM raise its 2nd quarter guidance, while BBY reported a strong quarter with solid forecast.  QCOM shares added +4.98% to close at $42.19; it traded as high as $43.84!  BBY gapped up to $44.79, but, came down to [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, USO, XME, MEE, BTU, WLT, CNX, ACI, PCX, AKS, GS, BAC

Last weekend, in my Market Forecast, I wrote: "For the new week, the market certainly has room to rise.  But, it’ll have to break above SPX 1120 to go higher.  The market is very "emotional" right now, and, the weekly jobless claims reports seem to keep the market on its toes.  (What they really should [...]

Market Pulls Back On Weak Consumer Data: SPX, Nasdaq, FSLR, TSL, CSIQ, YGE, BTU, CNX, MEE, ACI

After an unexpected drop in consumer confidence, the market dropped quickely and stayed weak.  Solar stocks were especially weak as FSLR was downgraded.  FSLR shares stumbled 6.46%.  Other solar stocks also fell, including TSL -2.96%, CSIQ -7.06%, YGE -3.59%.  Commodity sectors were mostly down, with coal stocks leading the way:  MEE -6.24%, CNX -5.57%, BTU [...]