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Category Archives: GLD

Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, XLE, PBW, FSLR, STP, TSL, YGE, BP, APC, RIG, APA, HAL, POT, CF, MOS, NEM

Last weekend, in my Market Forecast, I said: "For the new week, the market should be looking for a bounce after the quick fall for the past 2 weeks.  The above mentioned levels should be the first resistances.  We could see some volatile trading to start the week.  If the market cannot break SPX 1040, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, OIH, XLF, FSLR, TSL, YGE, GS, MA, V, DO, RIG, SLB, RIG, APC

Last weekend, in my Market Forecast, I wrote: "For the new week, this week is still range-bound with a bearish bias.  The longer the market hangs below SPX 1080, the more likely we’ll see SPX test 1040 soon again.  However, if the market rises above 1100, we’ll likely see a new bullish formation in SPX’s [...]

Happy 4th of July! JOYG, OIH, GLD, BHP, GOOG, EOG, V, AMZN, CMG

Happy 4th of July! A quick note:  My Monthly Wrap reports normally only include the closed trades for the month, because it makes things easier to read.  As always, the Trade Records page (you might want to make a bookmark for this page) contains detailed records of both the opening and closing trades.  Here’s the version of only [...]

June 2010 Monthly Wrap: GOOG, AMZN, CMG, GLD, V, EOG, BHP

This year is going by so fast!  Already, we are into the 3rd quarter!  June was a very volatile month.  We saw the market bounce 2 weeks straight to start out; then, a quick 180-degree downturn for 2 weeks to end the month!  We traded accordingly and played  both sides.  We still came away with some pretty [...]

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 [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, XLF, GLD, USO, XME, OIH, XLF, GS, CME, ICE, BP, GOLD, NEM, ABX

Last weekend, in my Market Forecast, I said: "For the new week, the market looks to be on its way to break higher.  The daily upper BBs have opened up; the 10-day MAs are crossing above the 20-day MAs.  In addition, the 30-day MAs are trying to turn up.  These are all bullish signals.  This weekend, China [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, USO, XME, OIH, GLD, USO, XME, OIH, SLB, DO, RIG, GOLD, NEM, PAAS, CLF, WLT, BTU, BHP

Last weekend, in my Market Forecast, I wrote: "For the new week, things may be a bit tricky.  First of all, it’s options expiration week, so some "maneuvers" are to be expected.  The market is definitely trying to draw a bottom.  But, after charging higher 2 days in a row, we may see some indecisiveness [...]

6/18/10 Weekly Wrap: Another Week Of Nice Profits! GOOG, GLD, EOG

Although still a bit volatile, but given that it was an expiration week, the market was pretty well behaved.  Besides 1 minor 10% loss, all of our trades were in the GR$$N, including a +157% gain on the GOOG calls: June 18, 2010 10:59 | HappyTrading GLD ($123.00) Sold to Close 06C120 Jul 120 calls, [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, GLD, XME, OIH, XLF, GLD, XME, OIH, GS, NEM, ABX, GOLD, CLF, BHP, BP, APC, RIG, AAPL

Last weekend, in my Market Forecast, I said: "For the new week, with both SPX and DJI ending below major support levels (SPX 1080 and DJI 10,000), the market can see additional selling pressure.  Energy sectors still look weak, with oil spill in the Gulf looking to extend into the fall, although the containment cap [...]

Weekly Wrap 6/11/10: BHP, GLD, CLF

It was another very volatile week; no surprise there!    However, the way that the market closed the week was surprisingly strong!  We were positioned properly to take advantage of the market’s strength because the charts indicated that the weakness on Wednesday may have been a shakeout.  We navigated through some pretty tough waters earlier [...]