The market had a strong showing in September. We also had a good month with only a few trades in the red. Trades in AIG, GOOG, GS, RIG, and FSLR produced some big profits. This past week was a bit difficult to trade, as the market had a hard time pushing higher and was stuck [...]
Category Archives: GS
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
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. [...]
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%. [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, MOO, GS, AMZN, PCLN, GOOG, CLF, WLT, FCX, ANR, MEE, POT, MOS, AGU, CF
September 6, 2010 – 8:56 pm
Last weekend, in my Market Forecast, I forecasted, "For the new week, we’ll look to see if we can continue to get improved economic data, especially the consumer confidence and Chicago PMI on Tuesday to perhaps set the tone. On Friday, we’ll get the latest payroll numbers and unemployment rate. VIX actually closed lower last [...]
A Grand Week For Stocks
September 5, 2010 – 8:44 am
A super turnaround this week as the bulls took charge when the 1040 level held once again. This area, an old support/resistance area from earlier this year was tested three times, but that was the charm. Late Tuesday in trading we saw some big buy orders coming through, the last 10 minutes in fact…vaulting the [...]
August 2010 Monthly Wrap: GOOG, GS, WYNN, ICE, AMZN, MLM, FSLR
August 27, 2010 – 11:25 am
A very nice month. Not an easy thing to do in this environment, and, you porbably don’t need me to tell you that. 100% green on the closed trades this week. Here are the trades for the month (trades with +50% or higher profits are highlighted): August 27, 2010 07:14 | HappyTrading RIMM ($45.60) Sold [...]
Market Slumps On Renewed Economic Worries: SPX, Nasdaq, CSCO, CREE, VECO, AAPL, GS, WLT, CLF, FCX, ATI, RTI, X
August 11, 2010 – 7:39 pm
As further economic data showed slowing in the global economy, the US stock market took a sharp fall today. Miners led the market lower: WLT -5.21%, CLF -5.03%, FCX -4.33%, X -5.19%, ATI -7.58%, RTI -6.87%. Market leaders such as GS and AAPL also took big falls. GS dropped 3.02%, closing below $150. AAPL lost 3.55%, [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, XME, XLE, MOO, XLF, BTU, WLT, ACI, ANR, MEE, POT, MOS, CF, AGU, JPM, WFC, GS, BAC, AIG
August 8, 2010 – 8:11 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, on Monday morning, we’ll get the latest ISM and construction spending data. For both SPX and Nasdaq, the daily MAs of are moving into a new bullish phase. To break higher, SPX will have to break above 1120. For Nasdaq, the resistance is at 2300." [...]
Weekly Wrap 8/6/10: GOOG, GS, CLF, LVS, FSLR, POT, BP
August 7, 2010 – 3:56 pm
The market managed another winning week, through some mixed economic data. Friday’s unemployment report was disappointing, and yet, somehow, the market made it through with a minor slip. We traded this week beautifully and ended with 100% of our trades in the GR$$N. We locked in profits on Monday and Wednesday; stayed light on Thursday, [...]
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