As discussed in my Market Forecast this weekend, I was looking for more selling pressure to test SPX 1040. The market was weak in the morning and sank as low as SPX 1042.17. Techs were especially weak today. However, the miners drew some buyers back in and stayed strong most of the day: CLF +4.42%, [...]
Category Archives: DVN
Market Bounces Back After Testing Support: SPX, Nasdaq, APA, DVN, OXY, EOG, IOC, CLF, BTU, FCX, BHP, GLD, BP, RIG, DO
June 8, 2010 – 7:18 pm
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
April 25, 2010 – 6:52 pm
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, UUP, GLD, XLF, XLE, MA, V, ICE, CME, STT, PNC, BLK
December 27, 2009 – 9:27 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, we’ll pay attention to the GDP and retail reports on Tuesday. Nasdaq looks really strong. Its daily upper BB has opened up. Normally, I’d say that Nasdaq is setting up for a breakout. But, with this "undecided" market environment, we’ll have to wait [...]
Energy Stocks Jump On Merger! SPX, Nasdaq, XOM, XTO, APA, DVN, UPL, ECA, CSIQ, TSL, SOLF, LDK, C, WFC, V, MA, COF, BAC, C, WFC
December 14, 2009 – 6:05 pm
Last night, Dubai received a $10 billion bailout from Abu Dhabi. This morning, XOM announced a $31 billion deal to buy XTO, sending XTO stock up more than +15%! Other stocks in the energy sector jumped as well: APA +4.09%, DVN +4.55%, UPL +3.78%, ECA +4.99%. Besides natural gas companies, solar stocks were also up: [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, UUP, XME, MOO
September 20, 2009 – 9:29 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, Monday may be a bit shaky, as the market needs to let off some more steam. But, as long as the market does not fall too far below the daily upper BB, it should stay strong. SPX 1030 and Nasdaq 2050 will be [...]
Oil Surges, Commodity Stocks Rise: SPX, Nasdaq, FSLR, AIG, FCX, DVN, APA, DO, NOV
August 19, 2009 – 4:58 pm
The market gapped lower today to open. On Monday, in my evening article, I wrote: "So, there’s no hurry jumping back on the long side just yet. I’d rather enjoy a couple of days playing the downside." We entered into some August puts on FSLR: August 17, 2009 08:51 | HappyTrading FSLR ($134.50) Bought to [...]
Market Dives To Open The Week! SPX, Nasdaq, APA, DVN, HES, RTP, X, FCX, ATI, BIDU, GOOG, RIMM
June 22, 2009 – 4:32 pm
Right at the open, the market was hit with disappointing news from the World Bank that the global economy may be weaker than it had previously predicted. Within the first 1/2 hour, the Dow stumbled more than 100 points! Commodity sectors continued to slump. Energy and miner stocks were very weak: APA -5.76%, DVN -5.58%, HES [...]
Energy Sectors Push S&P 500 To A New 6-Month High!
June 11, 2009 – 9:18 pm
On Tuesday, in my evening article, I said, "If VIX breaks down below 28, I think we’ll see SPX above 950. [...] USO (oil) still seems strong, as the dollar looks weak again. Energy sectors could help the market push higher." Today, VIX broke down all the way to below 27. SPX jumped to a [...]
Financials And Energy Sectors Push The Market Higher! SPX, Nasdaq, WFC, STI, PNC, BAC, DVN, APA, HES, CSCO
May 6, 2009 – 7:22 pm
from MyHappyTrading.com by HappyTrading! ™ Sign up for FREE membership! The first thing I said in the Trading Room this morning was: HappyTrading May 6, 2009 6:47 AM good morning! energy stocks and financials are strong! The energy and financial stocks just kept on going higher today. WFC +15.59%, STI +14.99%, PNC +11.93%, and BAC +17.07% [...]
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 [...]
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