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Category Archives: GS

A Day Of Huge Gains! SPX, Nasdaq, PCLN, POT, AGU, MOS, CF, GOOG, GS, CLF, FSLR, LVS

The market pushed higher today as investors cheered better economic data, such as improvement in private employment.  The broader market itself only advanced slightly, as SPX added just +6.78 points.  But, certain stocks really went higher, including most of our positions. PCLN was the headline grabber.  After last night’s blowout earnings and bullish guidance, PCLN jumped [...]

July 2010 Monthly Wrap: POT, GS, GOOG, BP, RIMM

It’s been a very choppy month.  Although the market recorded a gain for the month, it went through big swings to get there.  Nevertheless, we came away with some pretty good trades: July 29, 2010 12:54 | HappyTrading GS ($153.00) Sold to Close 08C150 Aug 150 calls, at $5.70 +36% 12:40 | HappyTrading GS ($152.60) [...]

Market Ends Down In Volatile Trading: SPX, Nasdaq, POT, GS, SPY, CLF, GMCR, CME, CTXS, WYNN, FSLR, MET

The market started out in the positive territory as jobless claims fell.  However, as I stated last night, "SPX can easily slide down to test 1100 again."  SPX went up as high as 1115.9 and quickly turned lower.  Around noon, SPX had dropped all the way to 1092.  That’s almost 24 points on the SPX, or [...]

Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, INX2, OIH, XLF, XME, INX2, OIH, IBM, TXN, GS, YHOO, SNDK, AAPL, QCOM, SBUX, WFC, FCX, AMZN, NFLX

Last weekend, I forecasted: "For the new week, it will be about the earnings.  If the earnings are strong and confirm the strength in the economic recovery, the market can continue to rally.  Otherwise, the market could turn down to test the recent lows again.  On Monday, we’ll hear from AA and CSX after the [...]

Market Surges After 2 Weeks Of Selloff: SPX, Nasdaq, GOOG, AAPL, NFLX, CREE, VMW, CRM, VECO, GS, PNC, WFC

In my Market Forecast this week, 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 [SPX 1040; Nasdaq 2150] should be the first resistances.  We could see some volatile trading to start the week."  Yesterday, the market gapped higher and [...]

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 [...]

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 [...]

6/25/10 Weekly Wrap: V, RIG, GS, WYNN

The market was very volatile, once again!  VIX went briefly above 30 on Thursday.  Monday morning’s gap-up open turned out to be a head-fake for the broader market, as SPX came all the way from 1130 to below 1080.  Gold and oil charged higher on Friday, with gold closing above $1255/ounce!  Here are the closed [...]

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 [...]

Market Jumps On Better Economic Data! SPX, Nasdaq, BHP, CLF, GS, BP, APC, NOV, NBL, DO, RIG, CF, POT, AGU, MON

This morning, the latest jobless claims fell by the largest amount in almost a year.  In addition, China reported solid export numbers.  The market opened strongly and closed even higher.  On Tuesday, in my article, I gave some trading ideas.  Basically, I said that if the market is strong, the buying will be in the energy [...]