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Category Archives: CSX

Strong Earnings Push The Market Higher! SPX, Nasdaq, CSX, AA, JOYG, GOOG, RIMM, AAPL, AMZN, IBM, PCLN, FFIV, CREE, VMW, CRM

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 [...]

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, GLD, XME, GS, GOOG, AXP, C, IBM, CSX, UNP

Happy MLK Day!  Hope you’ve had a nice long weekend! Last weekend, in my Market Forecast, I wrote: "For the new week, the market still looks strong, but, will have to be supported by good earnings.  Breaking and staying above SPX 1150 could be a psychological blow to the shorts.  Steel stocks may have run a bit [...]

Gold At New Record High! SPX, Nasdaq, GLD, SLV, GOLD, ABX, AEM, PAAS, TSL, STP, YGE, BNI, UNP, CSX

It was a volatile morning while stocks bounced around and experienced fast swings in a tight range.  We got shaken out of a couple of trades in the morning.  But, soon, much attention turned to gold as it rallied to a new record high, trading above $1084/ounce!  Gold surged on news that the Reserve Bank [...]

Intel (INTC) Earnings Boosts Market In After-Hours: SPX, Nasdaq, KBH, TOL, SHW, MCD, INTC, CSX, JPM

In my Market Forecast this weekend, I mentioned that the market “may need to rest and trade sideways to start the week.”  Indeed, the market treaded water on Monday and Tuesday.  In our Trading Room yesterday, I said: October 12, 2009 11:20 AM VIX rising, but, should find some resistace around 23.5 [then] we’ll see what [...]

Shipping Surges on Little News

I was in shock at the turnaround.  My shipping index was up 4.4%. (At 98.6) EXM was up over 20%!  GNK, TBSI, EGLE, all up big. But the S&P was only up half a percent or so. So what is going on? My first thought – ok, so the S&P head and shoulders formation is [...]