Last weekend, in my Market Forecast, I said, "For the new week, the market will start out with a slightly weaker stance. However, if the market can hold its support levels (SPX 1025; Nasdaq 2050), the market can bounce right back up. The market will need to stay strong right from the beginning. Earnings season [...]
Category Archives: JPM
Choppy Trading On “Fed Day”: SPX, Nasdaq, BLK, GS, WFC, JPM, BAC, RIMM
September 23, 2009 – 5:26 pm
As expected, the Fed left the interest rates unchanged. The market stayed strong most of the day, with a push to its day high immediately after the fed announcements. But, the rally soon faded and the market sold off into the close. This morning, BLK received an upgrade to "Buy" with a $230 price target. [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, USO, UUP, XME, MOO
September 20, 2009 – 9:29 pm
Last weekend, in my Market Forecast, I wrote: "For the new week, Monday may be a bit shaky, as the market needs to let off some more steam. But, as long as the market does not fall too far below the daily upper BB, it should stay strong. SPX 1030 and Nasdaq 2050 will be [...]
Gold And Silver Plays Jump! GLD, SLV, AEM, ABX, GOLD, PAAS, SSRI, AIG, AAPL, IBM, GOOG, GS, WFC, JPM
September 2, 2009 – 3:52 pm
Last night, in my article, I said, "We should see some bounces tomorrow. But, with this sharp downward momentum, we should see a bit more selling before Friday." Indeed, the market was slightly up for most of the day, but, sank to close in the red just before the close. But, instead of chasing puts, [...]
Danger Zone: SPX, Nasdaq, MVL, DWA, SVA, GS, WFC, JPM
August 31, 2009 – 4:31 pm
The US stock market opened down today, following the overnight weakness in Asia. Commodity sectors were very weak. Crude went below $70/barrel and gold dropped to $945/ounce before bouncing back to $950. SPX tested 1015 and Nasdaq tested 2000 (as discussed in my Market Forecast last night). The market did get a small bounce just before [...]
Market Forecast + Sector Watch: SPX, Nasdaq, XLF, XME, XLE, INX2
August 23, 2009 – 7:36 pm
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 [...]
Financials Rally In A Red Market Day! SPX, Nasdaq, AIG, CIT, ABK, MBI, WFC, BAC, JPM, GS, PNC, CSCO
August 5, 2009 – 5:04 pm
Finally, the market gets a down day. But, there were still plenty of winners. Financials charged up higher today. XLF (financial ETF) added +3.45%, closing above $14! SKF (financial ultrashort ETF) closed at a new low, below $30, at $29.29. AIG was the big story in the sector, jumping +62.72% on the day, up +$8.48 [...]
Nasdaq At New Height Since October 2008! SPX, Nasdaq, IBM, GOOG, JPM, GS, SNDK, STEC, FCX, X, CNX, MEE, AXP, V, MA
July 16, 2009 – 6:03 pm
The market spent most of the day trading flat. But, in the late afternoon, there was a surge of buying just before IBM and GOOG’s earnings reports. This morning, JPM reported a 36 percent jump in second quarter profits, but, its shares traded flat. On the other hand, GS pushed higher in the afternoon, and [...]
Stocks Surge After Earnings From Intel (INTC)! SPX, Nasdaq, INTC, GOOG, BIDU, GS, AAPL, FCX, X, CNX, MEE, JPM, IBM
July 15, 2009 – 5:44 pm
INTC’s superb earnings last night gave the market a nice boost right from the start, and, it never looked back! The techs and financials were very strong. INTC shares closed +7.25% higher. GOOG, which reports earnings after the market tomorrow, jumped $13.48, or +3.17%. BIDU added $16.76, or +5.6%. GS, after a muted response directly after [...]
Markets Up, Fast And Furious, Thanks Meredith? SPX, Nasdaq, GS, BAC, WFC, JPM, STT, HIG, AIG, PRU, POT, GOOG, BIDU
July 13, 2009 – 4:28 pm
This morning, financials stocks were strong right of the bat and led the market higher all day. GS received an upgrade from an influential banking analyst, Meredith Whitney, a day before it reports earnings (GS reports tomorrow morning). GS jumped +5.34% for the day. Other financials were strong as well: BAC +9.34%; WFC +8.44%; JPM [...]
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