Last weekend, in my Market Forecast, I wrote: "For the new week, after trying hard, but unsuccessfully, to break away from the recent resistance levels (SPX 1000; Nasdaq 2000), the market technicals are showing slight weakness. The MACD on both SPX and Nasdaq have turned lower. Nasdaq closed below its 10-day MA. SPX closed right at [...]
Category Archives: INX2
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, UUP, GLD, XME, INX2
July 5, 2009 – 5:27 pm
Happy 4th of July Weekend!! Last weekend, in my Market Forecast, I said, "For the new week, it could be a very important week to determine the market’s next move. The market has bounced for 4 days after last Monday’s big drop. If the market can continue this upwards momentum, we should see SPX 950 [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, INX2, SOXX, BTK
September 7, 2008 – 2:39 pm
from MyHappyTrading.com by HappyTrading! ™ The market had a really tough week last week. The Dow lost 322.59 points; SPX fell 40.52 points; Nasdaq tumbled 111.64 points!! Last weekend, in my Market Forecast, I said, “For the new week, although we only have 4 trading sessions, I think it could be a very crucial week. [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, GLD, UUP, XLF, XME, BTK, INX2, SOX
August 10, 2008 – 7:11 pm
from MyHappyTrading.com (by HappyTrading) Last weekend, I said,“The market is fighting to make this recovery stick. Nasdaq tested its daily upper BB last week and its 10-day MA has gone above the 30-day MA. The 20-day MA has turned up. SPX, on the other hand, is seeing the 10-day MA above the 20-day MA, but, [...]
Market Forecast: SPX, Nasdaq, XLF, USO, OIH, MOO, XME
June 22, 2008 – 5:53 pm
The market’s recent focus has been centered around the financial sector and the oil price. Any news in these two areas have been able to influence the overall market movements. On Monday, LEH reported earnings that matched expectations and helped the financial sector; further, oil went lower. The result? The market saw some buyers coming [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, SOX, XME, INX2, BTK
June 1, 2008 – 3:04 pm
last week, the market had a pretty good week. Oil came down and the money rolled into techs. QQQQ is already back to where it was 2 weeks ago. The market was pretty steady on Friday, with the Dow down 7.9 points, SPX adding +2.21, and Nasdaq gaining +14.34 points. SPX SPX added +2.12 points [...]
Market Forcast + Sector Watch: SPX, Nasdaq, OIH, USO, XME, GLD, MOO, INX2, SOX, PBW
May 18, 2008 – 6:07 pm
So, the market broke higher last week and caught the daily upper BB (see charts). Nasdaq closed above 2500 and SPX closed just above 1425. VIX kept on sliding and has been riding its daily lower BB lower. SPX SPX added +1.78 points to close at 1425.35. It has started to ride its daily upper [...]
Market Forecast + Sector Watch: SPX, Nasdaq, USO, OIH, XME, XLF, INX2, SOX
May 11, 2008 – 6:50 pm
As mentioned in my Weekly Wrap, the market ended down last week, with some commodity sectors acting strong. The Dow ended the week down 312.32 points; SPX lost 25.62 points; Nasdaq slid 31.47 points. The techs held up pretty well, but, the financials were weak. Let’s take a look at where the market stands: SPX [...]
Weekly Wrap + Market Forecast! SPX, Nasdaq, YHOO, MSFT, GOOG, CSCO, XME, OIH, INX2, SOX
May 4, 2008 – 4:10 pm
First week back from my vacation and the market made solid gains. The Dow was up +166.34 points; SPX gained +16.06 points; and Nasdaq added +54.06 points. I’ll just do a quick wrap with the trades made this week and go right into my Market Forecast. We got 100% GR$$N on the closed trades: RIMM [...]
Market Forecast for Week of 3/24: SPX, Nasdaq, DJI, XLF, INX2
March 23, 2008 – 12:23 pm
Thursday’s market actions were very encouraging. with the Dow jumping +261.66 points, SPX adding +31.09 points, and the Nasdaq gaining +48.15 points. It does look like now that the market is ready to turn and perhaps to start to prepare for a new earnings season coming up in April (With all the recent “craziness” on [...]
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_6.gif)
![[Most Recent Charts from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_6.gif)
