The market made further gains this week, in accordance with the Market Forecast last weekend: "For the new week, we’ll once again look to see if the market indices can catch up with the daily upper BB. Once there, the market should be able to sail higher. The immediate resistances are still SPX 1200 and Nasdaq 2300. [...]
Category Archives: gold
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, XLF, GOLD, NEM, ABX, NOV, APC, APA, HES, GS, MA, BLK
September 19, 2010 – 7:05 pm
9/17/10 Weekly Wrap: GOOG, GS, GOLD, CME
September 18, 2010 – 3:19 pm
The market made further gains this week, in accordance with my Market Forecast (which we will review tomorrow + new forecast for next week). However, I’m a little cautious about the weakness in the energy and mining (except for gold, of course) sectors. Nevertheless, we cashed out on some profits and here are the closed trades [...]
Gold Soars To New Record High! SPX, Nasdaq, GLD, GOLD, NEM, AEM, BBY, RDWR, MA, V, GS, CME, GOOG
September 14, 2010 – 4:52 pm
Gold popped higher today to a new record high, trading around $1270/ounce. Gold miners were equally strong: GOLD +4.39%, NEM +4.02%, AEM +3.63%. This morning, retail sales came in better-than-expected. In addition, BBY delivered a bullish quarter, sending its stock up +6%. MA and V bounced on the news. MA added +3.48% and V climbed +2.5%. [...]
Weekly Wrap 9/10/2010: RIG, WYNN, GOLD
September 10, 2010 – 3:23 pm
The market consolidated during the first couple of days of the week and resumed higher. Major market indices finished slightly up for the week. We were basically in the waiting mode to start the week and finally cashed out some winners today. We got into RIG yesterday as it was trying to break out. RIG [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XME, GLD, USO, MOO, AGU, POT, MOS, CF, GOLD, NEM, ABX, CLF, X, WLT, FCX
August 29, 2010 – 7:31 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, the technicals are still carrying a bias to the downside. The M&A activities and the speculations for them are offsetting the inconsistency in the latest economic reports. The M&A activities are bringing buyers into some sectors. However, the industrials have been weak on [...]
Market Bounces After 4 Days of Selling: SPX, Nasdaq, GOOG, AAPL, RIMM, AMZN, AKAM, PCP, MLM, GLD, SLV, PAAS, GOLD, ABX, NEM, TLT
August 25, 2010 – 3:58 pm
This morning, after more lousy housing and durable goods data, the market sank lower. We took the opportunity to lock in our profits on the downside plays: August 25, 2010 10:56 | HappyTrading MLM ($72.30) Sold to Close 09P75 Sep 75 puts, at $4.30 +62% 07:34 | HappyTrading PCP ($111.70) Sold to Close 09P115 Sep [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, MOO, INX2, XME, POT, MOS, AGU, CF, PCLN, MFE, GOOG, NEM, ABX, GOLD
August 22, 2010 – 7:43 pm
Last weekend, in my Market Forecast, I forecasted, "For the new week, the latest development in the charts are certainly not bullish. However, it may not necessarily dictate a breakdown. If SPX 1080 does not hold, the next support is 1060, set back in mid-July. The market could still be range-bound, and, is very mixed." As [...]
Market Ends Slightly Down In Volatile Trading: SPX, Nasdaq, GLD, GOLD, ABX, NEM, FDX, UPS, DO, BP, RIG, APC, Nasdaq, AAPL, AMZN, CMG, FXE
July 1, 2010 – 4:57 pm
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
June 27, 2010 – 9:10 pm
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
June 20, 2010 – 8:18 pm
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 [...]
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