After making solid gains last week, the market has been consolidating after the long Labor Day weekend. Lacking economic news in the US, the market seemed to focus on the European financial system. Yesterday, the market slumped on worries of European banks. Today, the market rallied after a successful auction of Portuguese government debt. Are [...]
Category Archives: CREE
Market Consolidates After Solid Gains Last Week: SPX, Nasdaq, PCLN, MA, V, VECO, CREE, VMW, CRM, CMG
September 8, 2010 – 3:47 pm
Market Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X
August 11, 2010 – 7:39 pm
As further economic data showed slowing in the global economy, the US stock market took a sharp fall today. Miners led the market lower: WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%. Market leaders such as GS and AAPL also took big falls. GS dropped 3.02%, closing below $150. AAPL lost 3.55%, [...]
No Surprises From The Fed: SPX, Nasdaq, NFLX, AKAM, SPWRA, LDK, CREE, DIS, MA, V
August 10, 2010 – 3:23 pm
The market gapped down at the open today, following Asian markets big drop last night. In the afternoon, the Fed came out with its decision of not changing the interest rate and to take small steps in further stimulating the economy. The market recovered some of its losses, but, still closed lower. NFLX jumped almost [...]
Strong Earnings Push The Market Higher! SPX, Nasdaq, CSX, AA, JOYG, GOOG, RIMM, AAPL, AMZN, IBM, PCLN, FFIV, CREE, VMW, CRM
July 13, 2010 – 3:46 pm
Yesterday, after the market, both AA and CSX reported solid earnings. However, CSX ended the day down 1.41% and AA was only up +1.2%. Mining stocks, in general, were only up slightly. JOYG stood out in the crowd, gaining +4.82%. Financials and techs lead the broader market higher. GOOG and RIMM have been popular in [...]
Market Surges After 2 Weeks Of Selloff: SPX, Nasdaq, GOOG, AAPL, NFLX, CREE, VMW, CRM, VECO, GS, PNC, WFC
July 7, 2010 – 3:05 pm
In my Market Forecast this week, 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 [SPX 1040; Nasdaq 2150] should be the first resistances. We could see some volatile trading to start the week." Yesterday, the market gapped higher and [...]
A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM
June 2, 2010 – 4:46 pm
This morning, the latest home sales data came in better than expected. Stocks saw strength right from the start. Energy stocks bounced: SLB +8.81%, HAL +11.96%, APA +4.24%, UPL +10.34%, EOG +6.86%. Coal stocks also attracted buyers back in: WLT +6.13%, CLF +5.95%, PCX +8.95%, BTU +7.65%. The exchanges were very strong as well. Both [...]
April 2010 Monthly Wrap: Running For Gold! WYNN, FFIV, CREE, GS, AIG, GLD, NFLX, GOLD
May 1, 2010 – 7:47 pm
The market ended the month of April with a volitile week. Between financial reform issues and the investigation on Goldman Sachs, in addition to debt problems in Europe, not even solid earnings and better jobs numbers could keep the market up. Nevertheless, we finished this week with solid gains. As I have been saying, "gold plays may be [...]
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 Jumps On Healthier Economy! WYNN, LVS, FFIV, CREE, AAPL, NFLX, X
April 5, 2010 – 3:16 pm
The market was strong today as stronger reports on jobs and services industries painted a better economic picture. Casino stocks broke out to new heights: WYNN added +6.3% and LVS soared +9.67%. We caught a quick intraday trade on WYNN for a +50% gain: April 05, 2010 12:15 | HappyTrading WYNN ($82.10) Sold to Close 04C75 [...]
Market At Highest Close In 15 Months! SPX, Nasdaq, IBM, CREE, RMBS, AAPL, APA, WLT, HES, BAC, WFC, BK, STT
January 19, 2010 – 9:09 pm
After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts. Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum. Other sectors followed higher. Energy stocks turned green. Miners were also strong. Tonight, Brown secured a victory. Health care stocks may get a pop [...]
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