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Category Archives: HAL

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 Pushes Higher: SPX, Nasdaq, POT, CF, MOS, RIG, DO, APC, HAL, BP, GOOG, AMZN, PCLN

Yesterday, I mentioned that "we should see resistance between SPX 1070 and 1080."  This morning, the market tested SPX 1070 and started to pullback a bit.  But, in the last hour, the market pushed higher again, closing above SPX 1070. Agriculture stocks were strong:  POT +4.02%, CF +5.12%, MOS +4.63%.  Oil services continued to run [...]

Market Forecast + Sector Watch: SPX, Nasdaq, OIH, GLD, XME, INX2, RIG, BP, SLB, HAL, DO, NOV, X, JOYG, BUCY, AMZN, GOOG, PCLN

Last weekend, in my Market Forecast, I wrote: "For the new week, the market is definitely struggling to bounce from May’s slump.  However, Europe’s financial problems may be worse than that of the US, as China’s Premier warned of a possible double-dip in the global economy’s attempt to recover.  Charts are certainly showing the same [...]

A Complete Reversal Of Yesterday! SPX, Nasdaq, SLB, HAL, APA, UPL, EOG, WLT, CLF, PCX, BTU, CME, ICE, RIG, BP, SNDK, FFIV, CREE, AKAM

This morning, the latest home sales data came in better than expected.  Stocks saw strength right from the start.  Energy stocks bounced:  SLB +8.81%, HAL +11.96%, APA +4.24%, UPL +10.34%, EOG +6.86%.  Coal stocks also attracted buyers back in:  WLT +6.13%, CLF +5.95%, PCX +8.95%, BTU +7.65%.  The exchanges were very strong as well.  Both [...]

Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XME, SOXX, WLT, CLF, GOLD, BP, RIG, DO, SLB, HAL, BHI

First of all, happy Memorial Day! Last weekend, in my Market Forecast, I said: "For the new week, we’ll have to see how much momentum the bounce on Friday has to carry through.  SPX 1110, 1120, and its 10-day MA should provide resistances.  The daily MAs of SPX and Nasdaq are well into their new [...]

Energy Stocks Keep The Market Up! SPX, Nasdaq, SLB, DO, NOV, HAL, GOOG, IBM, GS, BAC

This morning, Goldman Sachs (GS) reported stronger-than-expected earnings.  But, since the financials jumped so much yesterday, investors locked in profits and traded the sector lower.  GS slipped 1.9% for the day.  However, energy stocks were very strong, as oil reached a new year-high at almost $78/barrel.  Oil services were especially strong: SLB +4.16%, DO +3.35%, [...]

Review 1/2/2008: SPX, Nasdaq, AMZN, OIH, SLB, HAL, RIG, GLD, ABX

The market opened higher, but, quickly faded into the red. The market tried to bounce in the early afternoon, but, slid back some to the close. The Dow lost 220.86 points; SPX gave up 21.20 points; Nasdaq stumbled 42.65 points. The big news today were, of course, record-high oil and gold! Oil prices topped $100 [...]