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Category Archives: FXE


Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE

On Tuesday, in my evening article, I said,
"There is some resistance at 36 for VIX.  We may see shorts start to cover some positions before Friday’s unemployment report.  Profit-taking happens on the downside, too!  There’s a lot of focus on the SPX 1040.  If that does not hold, the next soft support is SPX 1025, […]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, GLD, XME, BTK, FXE

The market ended on a down note last week, as oil spiked up above $139/barrel. On Friday, the Dow was down 394.64 points; SPX lost 43.47 points; and Nasdaq tumbled 75.38 points. Just the day before, on Thursday, the Dow was up +213.97 points, with SPX adding +26.85 points and Nasdaq gaining +46.80 […]

Market Forecast for Week of 3/17: SPX, Nasdaq, GLD, SLV, GDX, XAU, FXY, FXB, FXE

With big news (BSC/JPM and Fed’s discount rate cut) on a Sunday before the options expiration week, the market is bound to be very volatile on Monday. Fed’s immediate discount rate cut is, no doubt, an attempt to buffer the effect of the JPM $2/share bailout of BSC! Nikkei (Japan) is down […]

$110 Oil! SPX, Nasdaq, BIDU, GLD, SLV, FXY, FXB, FXE

The market opened strong, continuing from yesterday’s rally. But, it started to fade in late morning, as profit-taking started to kick in (other people/articles might give other reasons). Within the last hour of trading, the profit-taking gained momentum and the market closed in the red. Crude spiked up over $110/barrel today. […]