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Category Archives: FXI


Weekly Wrap + Market Forecast: SPX, Nasdaq, XLF, USO, GLD, FXI, BTK

The market was volatile last week and ended flat. The Dow ended the week down 44.37 points; SPX added +2.55 points; Nasdaq gained just +0.43 points. Since the market was swinging from side to side very fast and was range-bound, we did not make too many trades.
However, once again, we ended […]

Market Forecast for Week of 4/7: SPX, Nasdaq, XLF, MOO, PBW, XME, FXI

The market had a great week last week, with the Dow gaining +393.02 points. Metals, agriculture, and solar stocks were particularly strong. Let’s take a look to see where the market stands.
SPX

On Friday, SPX added +1.09 points to close at 1370.4. Its daily MAs and MACD continued to rise. […]

Market Forecast for Week of 3/31: SPX, Nasdaq, UNG, PBW, XME, FXI

The market tried to rally early last week, but, was again held back by the financials. The 3 days of continuous slide in the financials sector brought the market’s rally to a halt, although we did see strength in pockets of different areas.
SPX

SPX fell 10.54 points to close at 1315.22. It closed at […]

Market Forecast for Week of 2/18: SPX, Nasdaq, FXI, PGJ, USO, OIH, XME

Although the market did not show much conviction in a direction last week, it did finish with modest gains. The afternoon rally, on Friday, left the market in a good position to continue to recover from the bottom.
SPX

SPX added +1.13 points on Friday to close at 1349.99. It closed above the 10-day and […]

Review 12/5/07: SPX, Nsadaq, FXI, CHNR, EFUT, EDU, PTR, CEO, SNP, LFC, CHA, CMED

Yesterday, in my evening post, I said of SPX, “We’ll need to see some upwards movements soon to start turning the 20-day MA,” and of Nasdaq, “We’ll need to see Nasdaq close above the 20-day MA to feel more bullish.” Well, the market responded with both of those signals today (will discuss more later). […]

Market Forecast for Week of 10/8 (Part II): Sector Watch

HGX (housing)

I am finding HGX interesting because its has caught its daily upper BB and is pushing it higher. The daily MAs are starting to turn up also. Personally, I’m not looking for specific plays in this sector. However, I do think it is useful to keep an eye on how the […]