Last weekend, in my Market Forecast, I wrote: "Both SPX and Nasdaq were rising back above their daily MAs, until Friday when the Dubai news spooked the market. VIX jumped to test 26 on Friday and closed just below 25. However, SPX’s daily MAs have just developed into a new bullish formation! There are still [...]
Category Archives: CVX
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, GDX, XLF, XLE
November 15, 2009 – 9:43 pm
Last weekend, in my Market Forecast, I said, "For the new week, the market will start the week in a neutral position. If SPX and Nasdaq can rise above their respective daily MAs, the market can rally higher. The immediate resistance levels above the daily MAs are SPX 1080 and Nasdaq 2150. Although VIX closed below [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XLE, XLF, XME
October 25, 2009 – 8:18 pm
Last weekend, in my Market Forecast, I said, "For the new week, we could see some major advancements in the market by the week’s end. The important thing is for the market to keep above SPX 1080 and Nasdaq 2150, while letting off some steam. Techs will see a lot of important earnings: AAPL (Monday), [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, INX2
August 23, 2009 – 7:36 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, after trying hard, but unsuccessfully, to break away from the recent resistance levels (SPX 1000; Nasdaq 2000), the market technicals are showing slight weakness. The MACD on both SPX and Nasdaq have turned lower. Nasdaq closed below its 10-day MA. SPX closed right at [...]
GM Asks For $30 Billion More, Markets Tumble! SPX, Nasdaq, GS, WFC, MS, JPM, XOM, CVX, SRS, SKF, EEV
February 20, 2009 – 1:11 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! Even though President Obama signed the stimulus plan into law, the economic worries just seemed to be overwhelming for the markets right now. Chrysler requested an addition $5 billion while GM said it may need another $30 billion! Financials led the decline again: GS -11.14%, [...]
Commodities Continue To Bounce: SPX, Nasdaq, CVX, XOM, DVN, OXY, APA, CHK, PAAS, SLW, AEM, ABX
December 10, 2008 – 7:34 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The market traded in a tighter range today and eked out a gain. The financials were on the weak side, but, the commodities jumped again! Energy stocks were very strong: CVX +3.81%; XOM +2.39%; DVN +9.54%; OXY +11.07%; APA +8.75%; CHK +23.22%! Gold and silver [...]
Another Record High Oil! SPX, Nasdaq, UPS, FDX, APA, DVN, CVX, MTL
April 9, 2008 – 5:33 pm
The market had a tough time getting anything going today in the face of higher oil prices. Crude oil topped $112 per barrel. The energy sector was strong with many stocks making all-time highs. Agriculture shares were still on the positive side. Other commodities such as precious metals rallied. The Dow was down 49.18 points; [...]
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