Last weekend, I forecasted: "For the new week, it will be about the earnings. If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally. Otherwise, the market could turn down to test the recent lows again. On Monday, we’ll hear from AA and CSX after the [...]
Category Archives: FCX
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX
July 18, 2010 – 6:07 pm
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
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%, [...]
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
April 18, 2010 – 8:04 pm
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 [...]
Financials Lead The Market On Pullback! SPX, Nasdaq, GS, CME, ICE, X, FCX, RTP, GOOG, FFIV, AXP, COF
January 21, 2010 – 8:06 pm
The market opened slightly higher this morning. But, within the first 30 minutes from the open, the market slid into the red. Before the end of the first hour, the market started to drop sharply! In the Trading Room, I warned our members promptly: January 21, 2010 7:26 AM VIX green, be careful… January 21, 2010 [...]
Fed Day…As Expected RIG, FCX, GS, MS, FSLR
December 16, 2009 – 6:58 pm
The Fed came and went Wednesday, silently into the night. As I expected, they came out with basically the same statement as last time….certain to be bullish for stocks over the next few weeks. Gold was on fire and clicked right out the gate, but fell some after the statement. We could see this surge [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, OIH, XME, GLD
November 29, 2009 – 9:10 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, we have to be very careful. With gold trading higher again this evening, we could get another so-called "mutual fund Monday" buying to start the week. But, unless the market can jump back to close above the recent resistance levels, it may be stuck [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH
November 22, 2009 – 7:42 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, a strong move to open the week should push the market above SPX 1100. If the market does close above SPX 1100, we should see a new bullish formation on SPX’s daily chart. We should see new buyers rush into the market, if [...]
Market Cheers GDP Report: SPX, Nasdaq, FCX, RTP, BTU, ABX, PRU, PNC, HIG, WFC, CLF, PCLN, LVS, WYNN
October 29, 2009 – 8:46 pm
This morning, the GDP report was better than expect, coming in at +3.5% (vs. the consensus of +3.2%) for the quarter from July through September. The market was encouraged by the news and rallied back up, after the recent 4-day selloff. The Dow was particularly strong, charging up almost +200 points!! Commodity sectors had sold off hard earlier [...]
Market Sinks To Test Support: SPX, Nasdaq, MS, WFC, AAPL, FCX, FFIV, EBAY
October 21, 2009 – 7:43 pm
Yesterday, in my evening article, I said, "For the past 4 trading sessions, the market has been treading water, which means some consolidation is happening. Both SPX and Nasdaq are sliding away from the daily upper BB. This shows a lack of immediate momentum to push the market higher. Unless the market can jump back up to [...]
Market Rallies Higher On Commodity Sectors! SPX, Nasdaq, POT, MOS, CF, AGU, FCX, RTP, BTU, ACI, CNX, AAPL, TXN
October 19, 2009 – 8:22 pm
The market was strong today with commodity sectors leading the rally. Yesterday, in my Sector Watch, we looked at the agriculture sector, as MOO made a solid move higher last week. Today, POT was rumored to be a buyout target for BHP, and, the sector pushed higher! POT opened above $100 this morning and never [...]
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