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: HES
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
Market Forecast + Sector Watch: SPX, Nasdaq, XLE, XME, OIH, INX2, RIG, DO, NOV, APC, BP, AMZN, PCLN, AAPL, GOOG, HPQ, MFE, ARST, FCX, APA, OXY, HES
September 12, 2010 – 7:00 pm
Last weekend, in my Market Forecast, I wrote, "For the new week, the market may need a bit of consolidation. Both SPX and Nasdaq are showing bullish crossovers in their respective MACDs. VIX closed below 22, a level which had been a solid support since May. Wednesday has some economic data that may help to [...]
Market Forecast + Sector Watch: SPX, Nasdaq, GLD, OIH, XLE, XLF, BTK, GOLD, ABX, NEM, APA, OXY, HES, MA, V, AXP
May 16, 2010 – 8:06 pm
Last weekend, in my Market Forecast, I said: "For the new week, the momentum has completely shifted to the downside. We can see that the daily MAs in both SPX and Nasdaq are curving down. On Monday, we may see an attempt to bounce; others may call it a relief rally. First resistances will be SPX 1130 [...]
Weekly Wrap + Market Forecast + Sector Watch: SPX, Nasdaq, UUP, GLD, XLE, XME, ACI, PCX, ANR, BTU, WLT, CLF, APA, OXY, HES, UPL, DVN, BHI, SLB, NOV
April 25, 2010 – 6:52 pm
Last weekend, in my Market Forecast, I said: "For the new week, things get a bit tricky. While earnings are still expected to be strong, the anxiety over possible financial reforms can cast a shadow on the market, especially over the financial sector… I think we’ll see some follow-through weakness on Monday. In general, I’d [...]
Commodity Sectors Bounce, Again! SPX, Nasdaq, WLT, CLF, MEE, ANR, PCX, AAPL, CYD, UPL, OXY, HES
March 29, 2010 – 7:26 pm
The market was strong today, helped in a big way by the commodity sectors, as the dollar slid. Miners took control again. Coal stocks were especially strong, again: WLT +3.12%, CLF +2.23%, MEE +7% (!!), ANR +3.54$, PCX +5.16%. MEE closed above $54 at a new 52-week high. I think it is going higher and [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, UUP, XLE, FXI, APA, HES, UPL, CEO, PTR, SNP, LFC, FMCN, BIDU
March 28, 2010 – 7:38 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, the passage of the historic health bill may inspire more profit-taking, as now, there are more uncertainties. Besides what affect the new health legislation will have on the health care and insurance industry, some analysts are also paying more attention to the on-going discussions on financial [...]
Market Marches On! SPX, Nasdaq, WLT, MEE, ANR, PCX, HIG, BLK, PNC, STI, STT, APA, APC, OXY, HES
March 17, 2010 – 4:42 pm
The market continued to push higher today, ramping up to new 2010 highs! Financials were strong today. FAS (financial bull 3x ETF) hit an intraday high of $96.84. In early February, FAS touched an intraday low of $60. That’s a +61% rise from the February low in just a little over one month!! BLK got [...]
Energy Stocks Lead The Market In Bounce: SPX, Nasdaq, XOM, RIG, DO, APA, WLT, HES, AMZN, BIDU, BP
February 1, 2010 – 9:11 pm
This morning, in addition to encouraging manufacturing and personal spending data, XOM reported better-than-expected earnings. As discussed in my Market Forecast last night, the market was ready for a bounce. Energy stocks led the market higher: XOM +2.72%, RIG +3.07%, DO +3.67%, APA +3.68%, WLT +4.74%, UPL +4.98%. AMZN shares fell more than 5% as [...]
Market At Highest Close In 15 Months! SPX, Nasdaq, IBM, CREE, RMBS, AAPL, APA, WLT, HES, BAC, WFC, BK, STT
January 19, 2010 – 9:09 pm
After brushing aside C’s earnings this morning, the market shifted its focus to the Senate race in Massachusetts. Health care stocks started to rise because Brown, the Republican’s candidate, was gaining momentum. Other sectors followed higher. Energy stocks turned green. Miners were also strong. Tonight, Brown secured a victory. Health care stocks may get a pop [...]
Market Pressured By Alcoa’s Earnings: SPX, Nasdaq, BIDU, FAS, HES, WLT, RTP, GOLD
January 12, 2010 – 9:33 pm
Last night, AA reported earnings that missed the estimates. The market gapped down at the open and slid lower, although the Dow climbed back up, ending down only 0.34%! AA shares closed 11.06% lower for the day. Commodity sectors were weak across the board. Energy, metals, and miners were all down: HES -4.01%; WLT -2.9%, [...]
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